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Share ribs redux

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  • Ronald W. Jones

Abstract

Attempts to examine how commodity price changes affect internal income distribution in competitive Heckscher–Ohlin settings have typically focused on factor‐intensity differences among sectors, with each sector having a different factor being used most intensively, as captured by its factor distributive share having maximal value. This paper adopts this specification, but adds the restriction that the shape of the profile of distributive factor shares, from most to least intensively used, be the same among commodities. The focus is on the importance of the amount by which the most intensively used factor differs from the next as well as the rate of decline of shares for the less intensively used factors in any industry. Strong Stolper–Samuelson results are obtained for some share ribs, and oscillating factor returns for others.

Suggested Citation

  • Ronald W. Jones, 2010. "Share ribs redux," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(1), pages 127-135, March.
    • Handle: RePEc:bla:ijethy:v:6:y:2010:i:1:p:127-135
    DOI: 10.1111/j.1742-7363.2009.00125.x
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    References listed on IDEAS

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    1. Jones, Ronald W & Marjit, Sugata, 1985. "A Simple Production Model with Stolper-Samuelson Properties," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(3), pages 565-567, October.
    2. Jones, Ronald W., 1975. "Income distribution and effective protection in a multicommodity trade model," Journal of Economic Theory, Elsevier, vol. 11(1), pages 1-15, August.
    3. Kemp, Murray C & Wegge, Leon L F, 1969. "On the Relation between Commodity Prices and Factor Rewards," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(3), pages 407-413, October.
    4. Chipman, John S, 1969. "Factor Price Equalization and the Stolper-Samuelson Theorem," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(3), pages 399-406, October.
    5. Jones, Ronald W & Kierzkowski, Henryk, 1986. "Neighborhood Production Structures, with an Application to the Theory of International Trade," Oxford Economic Papers, Oxford University Press, vol. 38(1), pages 59-76, March.
    6. Wolfgang F. Stolper & Paul A. Samuelson, 1941. "Protection and Real Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 9(1), pages 58-73.
    7. Jones, Ronald W & Mitra, Tapan, 1995. "Share Ribs and Income Distribution," Review of International Economics, Wiley Blackwell, vol. 3(1), pages 36-52, February.
    8. Inada, Ken-ichi, 1971. "The Production Coefficient Matrix and the Stolper-Samuelson Condition," Econometrica, Econometric Society, vol. 39(2), pages 219-239, March.
    9. Khan, M Ali, 1991. "Ethnic Groups and the Heckscher-Ohlin-Samuelson Trade Model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 1(4), pages 355-371, October.
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    Cited by:

    1. Yano, Makoto, 2021. "Professor Ronald W. Jones and his influence on Asia Pacific economics," Journal of Asian Economics, Elsevier, vol. 77(C).

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