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Increasing Returns and The Gains From Trade
Oleh:
Grinols, Earl L.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991)
,
page 973-984.
Topik:
trade
;
returns
;
gains
;
trade
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.1
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
It is known that gains from trade are positive in the presence of increasing returns to scale if all increasing returns industries expand in the shift from autarky. Sufficient conditions for gains when some increasing returns industries expand and others contract suffer from the limitations that the production frontier must be convex, changes must satisfy a prespecified hierarchical pattern, or that total factor supplies must be fixed between equilibria, conditions which can not generally be assured. This paper develops a necessary and sufficient condition for gains, and from it a sufficient condition, which does not depend on these restrictions.
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