Trade-in-goods and trade-in-tasks: An Integrating Framework / Richard Baldwin, Frédéric Robert-Nicoud.

Format:

Book

Author/Creator:

Baldwin, Richard.

Contributor:

National Bureau of Economic Research.

Robert-Nicoud, Frédéric.

Series:

Working Paper Series (National Bureau of Economic Research) no. w15882.

NBER working paper series no. w15882

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Trade-in-goods and trade-in-tasks

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2010.

Summary:

Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold for trade-in-tasks. We show trade-in-tasks creates intraindustry trade in a Walrasian economy, and derive necessary and sufficient conditions for analyzing the impact of trade-in-tasks on wages and production. Extensions of the integrating framework easily accommodate monopolistic competition and two-way offshoring/trade-in-tasks.

Notes:

Print version record

April 2010.