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A Neo ‐ Ricardian Analysis Of International Trade

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  • L. Mainwaring

Abstract

Countries which have the same no‐trade techniques may still profitably enter into trade, providing that their rates of profit differ, for this implies differences in relative prices. The analysis is conducted by comparing the wage‐profit frontiers appropriate to the production activities in the autarkic and trading equilibria. The motive for trade can be said to be the pursuit of a superior rate of profit‐real wage combination. The ‘gains from trade’ are assessed by comparing the autarky and trade consumption‐growth frontiers. If countries have the same single technique, one country will always gain from trade while the other may lose. If countries have different techniques then both may lose. When each country can choose from a set of techniques then, even if the sets are the same, both may still lose. These possibilities could be avoided in planned economies, whether centralised or decentralised, by ensuring that the maximisation of consumption at a given rate of growth is the objective of trade.

Suggested Citation

  • L. Mainwaring, 1974. "A Neo ‐ Ricardian Analysis Of International Trade," Kyklos, Wiley Blackwell, vol. 27(3), pages 537-553, August.
    • Handle: RePEc:bla:kyklos:v:27:y:1974:i:3:p:537-553
    DOI: 10.1111/j.1467-6435.1974.tb01099.x
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    Cited by:

    1. Asim Erdilek, 1977. "The Problem of Deadweight Loss in the International Trade of Growing Capitalist Economies," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 113(II), pages 171-191, June.
    2. Sasaki, Hiroaki, 2018. "North-South Trade and Uneven Development in a Classical Conventional Wage Share Growth Model," MPRA Paper 88631, University Library of Munich, Germany.
    3. Christian Montet, 1977. "Changement de technique et gains de l'échange international," Revue Économique, Programme National Persée, vol. 28(5), pages 705-729.
    4. Christian Montet, 1979. "Prix de production internationaux et marchandise- étalon. Remarques sur un modèle de Ghislain Deleplace," Cahiers d'Économie Politique, Programme National Persée, vol. 5(1), pages 85-94.
    5. Ariel Dvoskin & Gabriel Brondino, 2022. "An appraisal of alternative Ricardian trade models," BCRA Working Paper Series 2022104, Central Bank of Argentina, Economic Research Department.
    6. Coyle, Barry & Chambers, Robert G. & Schmitz, Andrew, 1986. "Economic Gains from Agricultural Trade: A Review and Bibliography," Miscellaneous Publications 319990, United States Department of Agriculture, Economic Research Service.
    7. David Evans, 1981. "Monopoly Power and Imperialism: Oscar Braun's Theory of Unequal Exchange," Development and Change, International Institute of Social Studies, vol. 12(4), pages 601-610, October.
    8. Mariolis, Theodore, 2010. "A neo-Ricardian critique of the traditional static theory of trade, customs unions and common markets," MPRA Paper 23088, University Library of Munich, Germany.

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