IDEAS home Printed from https://ideas.repec.org/a/taf/jitecd/v10y2001i3p321-337.html
   My bibliography  Save this article

The neoclassical ambiguity in the specific factor model

Author

Listed:
  • James Melvin
  • Robert Waschik

Abstract

An alternative diagrammatic mechanism is developed to illustrate the effect of output price changes on input prices, particularly the return to labour, in a two-good, three-factor specific factor model.

Suggested Citation

  • James Melvin & Robert Waschik, 2001. "The neoclassical ambiguity in the specific factor model," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 10(3), pages 321-337.
    • Handle: RePEc:taf:jitecd:v:10:y:2001:i:3:p:321-337
    DOI: 10.1080/09638190110061339
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/09638190110061339
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09638190110061339?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mussa, Michael, 1974. "Tariffs and the Distribution of Income: The Importance of Factor Specificity, Substitutability, and Intensity in the Short and Long Run," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1191-1203, Nov.-Dec..
    2. Leamer, Edward E. & Levinsohn, James, 1995. "International trade theory: The evidence," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 26, pages 1339-1394, Elsevier.
    3. Grossman, Gene M & Levinsohn, James A, 1989. "Import Competition and the Stock Market Return to Capital," American Economic Review, American Economic Association, vol. 79(5), pages 1065-1087, December.
    4. Jones, Ronald W. & Neary, J. Peter & Ruane, Frances P., 1983. "Two-way capital flows : Cross-hauling in a model of foreign investment," Journal of International Economics, Elsevier, vol. 14(3-4), pages 357-366, May.
    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. repec:bla:econom:v:44:y:1977:i:174:p:131-44 is not listed on IDEAS
    7. Mayer, Wolfgang, 1974. "Short-Run and Long-Run Equilibrium for a Small Open Economy," Journal of Political Economy, University of Chicago Press, vol. 82(5), pages 955-967, Sept./Oct.
    8. Khandker, A Wahhab, 1981. "Multinational Firms and the Theory of International Trade and Investment: A Correction and a Stronger Conclusion," American Economic Review, American Economic Association, vol. 71(3), pages 515-516, June.
    9. Berglas, Eitan & Jones, Ronald W., 1977. "The export of technology," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 7(1), pages 159-202, January.
    10. Jones, Ronald W & Dei, Fumio, 1983. "International Trade and Foreign Investment: A Simple Model," Economic Inquiry, Western Economic Association International, vol. 21(4), pages 449-464, October.
    11. Ruffin, Roy & Jones, Ronald, 1977. "Protection and real wages: The neoclassical ambiguity," Journal of Economic Theory, Elsevier, vol. 14(2), pages 337-348, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. David Atkin, 2013. "Trade, Tastes, and Nutrition in India," American Economic Review, American Economic Association, vol. 103(5), pages 1629-1663, August.
    2. Robert S. Chirinko & Debdulal Mallick, 2014. "The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model," CESifo Working Paper Series 4895, CESifo.
    3. Fraser, Iain & Waschik, Robert, 2013. "The Double Dividend hypothesis in a CGE model: Specific factors and the carbon base," Energy Economics, Elsevier, vol. 39(C), pages 283-295.
    4. Feng Dai & Songtao Wu & Ling Liang & Zifu Qin, 2016. "Bilateral Trade under Environmental Pressure: Balanced Growth," Journal of Industry, Competition and Trade, Springer, vol. 16(2), pages 209-231, June.
    5. Lin, Yu-Hsuan, 2021. "A classroom experiment on the specific factors model," International Review of Economics Education, Elsevier, vol. 37(C).
    6. Iain Fraser & Robert Waschik, 2010. "The Double Dividend Hypothesis in a CGE Model: Specific Factors and Variable Labour Supply," Working Papers 2010.02, School of Economics, La Trobe University.
    7. Hacer Simay Karaalp-Orhan & Orhan Sevcan Günes, 2016. "The Effect of Foreign Trade on Real Wages: The Case of Turkey," Prague Economic Papers, Prague University of Economics and Business, vol. 2016(4), pages 411-426.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Akay, Gokhan H., 2012. "Trade and factor returns: Empirical evidence from U.S. economy," International Review of Economics & Finance, Elsevier, vol. 21(1), pages 77-86.
    2. Waschik, Robert & Fraser, Iain, 2007. "A computable general equilibrium analysis of export taxes in the Australian wool industry," Economic Modelling, Elsevier, vol. 24(4), pages 712-736, July.
    3. Benavente Escartin, José Miguel & West, Peter J. & Schwidrowski, Arnim, 1991. "Política comercial y equidad," Series Históricas 9580, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. T. Huw Edwards & John Whalley, 2002. "Short and Long Run Decompositions of OECD Wage Inequality Changes," NBER Working Papers 9265, National Bureau of Economic Research, Inc.
    5. René Sieber & Paul Wetterwald, 1986. "Environmental Protection and Direct Foreign Investment with Specific Factors of Production: The Case of the Small Open Economy," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 122(IV), pages 611-625, December.
    6. Avi Goldfarb & Daniel Trefler, 2018. "Artificial Intelligence and International Trade," NBER Chapters, in: The Economics of Artificial Intelligence: An Agenda, pages 463-492, National Bureau of Economic Research, Inc.
    7. Magee, Christopher S.P. & Davidson, Carl & Matusz, Steven J., 2005. "Trade, turnover, and tithing," Journal of International Economics, Elsevier, vol. 66(1), pages 157-176, May.
    8. FRASER Iain & WASCHIK Robert, 2010. "Agricultural Land Retirement for Biodiversity: The Australian Wool Industry," EcoMod2003 330700055, EcoMod.
    9. repec:elg:eechap:15325_12 is not listed on IDEAS
    10. Toledo, Hugo, 2017. "The IA-CEPA and sector adjustments: A specific-factors model of production," International Review of Economics & Finance, Elsevier, vol. 48(C), pages 201-211.
    11. Gokhan Akay, 2009. "Trade, wages, and the specific factors model: empirical evidence from manufacturing industries in Ghana," Journal of Productivity Analysis, Springer, vol. 31(1), pages 47-55, February.
    12. Bernard Yvars, 1985. "Protection et mobilité internationale du capital dans une économie où ce facteur est spécifique," Revue Économique, Programme National Persée, vol. 36(4), pages 687-714.
    13. Lucy Rees & Rod Tyers, 2004. "On the Robustness of Short Run Gains from Trade Reform," CEPR Discussion Papers 474, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    14. J. Mutti & R. Sampson & B. Yeung, 2000. "The effects of the Uruguay round: empirical evidence from U.S. industry," Contemporary Economic Policy, Western Economic Association International, vol. 18(1), pages 59-69, January.
    15. Feeney, JoAnne & Hillman, Arye L., 1995. "Asset markets and individual trade policy preferences," Discussion Papers, Series II 282, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    16. Brati Sankar Chakraborty, 2009. "Protection And Real Rewards: Some Antinomies," Pacific Economic Review, Wiley Blackwell, vol. 14(1), pages 56-70, February.
    17. Demeke, Bayou, 2004. "Is Globalization Bad For The Environment? International Trade And Land Degradation In Developing Countries:The Case Of Small Open Economy," 2004 Annual meeting, August 1-4, Denver, CO 20376, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Gokhan Akay & Can Dogan, 2013. "The effect of labor supply changes on output: empirical evidence from US industries," Journal of Productivity Analysis, Springer, vol. 39(2), pages 123-130, April.
    19. Feenstra, Robert C. & Lewis, Tracy R., 1994. "Trade adjustment assistance and Pareto gains from trade," Journal of International Economics, Elsevier, vol. 36(3-4), pages 201-222, May.
    20. repec:ilo:ilowps:250014 is not listed on IDEAS
    21. Debaere, Peter & Li, Tianshu, 2017. "The Effects of Water Markets: Evidence from the Rio Grande," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259187, Agricultural and Applied Economics Association.
    22. Ronald W. Jones, 2018. "Bubble Diagrams in Trade Theory," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 9, pages 137-152, World Scientific Publishing Co. Pte. Ltd..

    More about this item

    Keywords

    Neoclassical Ambiguity; Specific Factors;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jitecd:v:10:y:2001:i:3:p:321-337. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJTE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.