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Pure joint production and international trade: a note

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  • Theodore Mariolis

Abstract

This paper applies the principles of the neo-Ricardian (or Sraffian) theory of international trade to certain joint production systems. It is shown that, in contrast with single-product systems, (i) there is not always a pattern of international specialisation, which would entail the increase of the real wage rate in both economies, and (ii) the 'law of comparative advantage' has no general validity. Furthermore, not only the existence of such a pattern of specialisation but also the validity of this law depend on the values of the variables of distribution of income. The analysis is wholly based on two of the numerical examples formulated by Bidard in 1997, and further generalised in an elementary way only when this is considered necessary. Copyright 2004, Oxford University Press.

Suggested Citation

  • Theodore Mariolis, 2004. "Pure joint production and international trade: a note," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(3), pages 449-456, May.
    • Handle: RePEc:oup:cambje:v:28:y:2004:i:3:p:449-456
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    File URL: http://hdl.handle.net/10.1093/cje/beh018
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    Citations

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    Cited by:

    1. Theodore Mariolis, 2008. "Pure Joint Production, Income Distribution, Employment And The Exchange Rate," Metroeconomica, Wiley Blackwell, vol. 59(4), pages 656-665, November.
    2. Mariolis, Theodore, 2010. "Κριτική Έκθεση του "Νόμου της Πτωτικής Τάσης του Ποσοστού Κέρδους" του K. Marx: Κατανομή Εισοδήματος, Επισώρευση Κεφαλαίου και Τεχνολογική Μεταβολή στη Μακρά Περίοδο [Critical Exposition ," MPRA Paper 22461, University Library of Munich, Germany.
    3. Mariolis, Theodore, 2006. "A Critique of the ‘New Approach’ to the Transformation Problem and a Proposal," MPRA Paper 24019, University Library of Munich, Germany.
    4. Soklis, George, 2011. "Wage-profit curves of the Finnish economy: evidence from the supply and use tables," MPRA Paper 30183, University Library of Munich, Germany.
    5. 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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