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Sorting It Out: International Trade and Protection With Heterogeneous Workers / Franziska Ohnsorge, Daniel Trefler.
- Format:
- Book
- Author/Creator:
- Ohnsorge, Franziska.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w10959.
- NBER working paper series no. w10959
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Sorting It Out
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2004.
- Summary:
- The two models of international trade with developed factor markets -- Heckscher-Ohlin and Specific Factors -- both suffer significant defects. For example, their predictions about the patterns of domestic production and international trade are for the most part either indeterminate or uselessly complex. The problem with these models is that the supply of factors to an industry is either perfectly elastic or perfectly inelastic. Using a model in which heterogeneous workers sort across industries we eliminate this problem. The result is a multi-good model with sharp predictions about (1) the domestic pattern of production, (2) North-North and North-South trade, (3) the demand for protection, (4) the determinants of domestic income distribution, and (5) the effect of trade on economic development.
- Notes:
- Print version record
- December 2004.
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