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A decomposition of Ricardian trade gains

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  • Kikuchi, Toru
  • Long, Ngo Van

Abstract

Teaching trade patterns and trade gains under the Ricardian trade model is one of the most difficult tasks for teachers of international economics. We propose that the utilization of both the PPF and a labor market graph makes the understanding of Ricardian trade gains much easier.

Suggested Citation

  • Kikuchi, Toru & Long, Ngo Van, 2012. "A decomposition of Ricardian trade gains," International Review of Economics & Finance, Elsevier, vol. 21(1), pages 173-176.
    • Handle: RePEc:eee:reveco:v:21:y:2012:i:1:p:173-176
    DOI: 10.1016/j.iref.2011.06.004
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    References listed on IDEAS

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    1. Krugman, Paul R, 1993. "What Do Undergrads Need to Know about Trade?," American Economic Review, American Economic Association, vol. 83(2), pages 23-26, May.
    2. Maneschi, Andrea, 1998. "Comparative Advantage with and without Gains from Trade," Review of International Economics, Wiley Blackwell, vol. 6(1), pages 120-128, February.
    3. Jones, Ronald W., 2010. "Art works in international trade theory," International Review of Economics & Finance, Elsevier, vol. 19(1), pages 64-74, January.
    4. Andrea Maneschi, 1998. "Comparative Advantage in International Trade," Books, Edward Elgar Publishing, number 856.
    5. Ronald W. Jones, 1995. "The Discipline of International Trade," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 131(III), pages 273-288, September.
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    More about this item

    Keywords

    Trade gains; Ricardian trade model; Graph of the labor market;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • F10 - International Economics - - Trade - - - General

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