Trade Between Countries with Radically Different Preferences

IF 0.6 Q3 Economics, Econometrics and Finance

Economics Bulletin Pub Date : 2005-10-31 DOI:10.4324/9780203927168.ch3

Koji Shimomura, M. Kemp

引用次数: 0

Abstract

We examine the role of radical international differences in preferences in determining patterns of international trade, given that the trading countries share a common technology and identical factor endowment ratios. It is characteristic of our model that the equilibrium autarkic commodity price ratios are unique and negative and that there is a unique positive equilibrium free-trade price ratio, implying that the positive equilibrium free-trade price ratio is not bounded by the equilibrium autarkic price ratios. This finding contrasts sharply with the familiar Torrens-Ricardo and Heckscher-Ohlin propositions

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具有完全不同偏好的国家之间的贸易

考虑到贸易国拥有共同的技术和相同的要素禀赋比率，我们研究了国际偏好的根本差异在决定国际贸易模式中的作用。该模型的特点是均衡自给商品价格比率是唯一且负的，并且存在唯一的正均衡自由贸易价格比率，这意味着正均衡自由贸易价格比率不受均衡自给价格比率的限制。这一发现与熟知的托伦斯-李嘉图和赫克歇尔-俄林命题形成鲜明对比

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Bulletin ECONOMICS-

CiteScore

1.60

自引率

0.00%

发文量

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