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Application of Jones' Inequality to the n-country, m-good Ricardo–Graham Model

Author

Listed:
  • Takeshi Ogawa

    (Hiroshima Shudo University)

Abstract

This paper discusses the results of the application of Jones' Inequality to the n-country, m-good Ricardo–Graham model. In the Jones' Inequality model, the number of countries is the same as the number of goods produced. On one hand, if a country is divided into regions for the purposes of this model, Jones' Inequality can be applied to the case where the number of goods is larger than the number of countries. On the other hand, when two or more countries specialize in the same good, the model distinguishes the same good as being a different commodity for the other countries.

Suggested Citation

  • Takeshi Ogawa, 2013. "Application of Jones' Inequality to the n-country, m-good Ricardo–Graham Model," Economics Bulletin, AccessEcon, vol. 33(1), pages 379-387.
    • Handle: RePEc:ebl:ecbull:eb-12-00698
    as

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    References listed on IDEAS

    as
    1. Deardorff, Alan V., 2005. "Ricardian comparative advantage with intermediate inputs," The North American Journal of Economics and Finance, Elsevier, vol. 16(1), pages 11-34, March.
    2. Ronald W. Jones, 1961. "Comparative Advantage and the Theory of Tariffs: A Multi-Country, Multi-Commodity Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 28(3), pages 161-175.
    3. Alan V Deardorff, 2011. "How Robust is Comparative Advantage?," World Scientific Book Chapters, in: Robert M Stern (ed.), Comparative Advantage, Growth, And The Gains From Trade And Globalization A Festschrift in Honor of Alan V Deardorff, chapter 17, pages 183-195, World Scientific Publishing Co. Pte. Ltd..
    4. Lionel W. McKenzie, 1953. "Specialisation and Efficiency in World Production," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 21(3), pages 165-180.
    5. Lionel W. McKenzie, 1955. "Specialization in Production and the Production Possibility Locus," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(1), pages 56-64.
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    More about this item

    Keywords

    Ricardo–Graham model; country; region; good; commodity;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • D2 - Microeconomics - - Production and Organizations

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