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A General-Equilibrium Re-Appraisal Of The Stolper-Samuelson Theorem

In: An Inframarginal Approach To Trade Theory

Author

Listed:
  • Wen Li Cheng

    (Law and Economics Consulting Group, USA)

  • Jeffrey Sachs

    (Harvard University, USA)

  • Xiaokai Yang

    (Harvard University, USA and Monash University, Australia)

Abstract

The following sections are included:IntroductionThe General-Equilibrium HO Model with Differences in TechnologyModel specificationTrade equilibriumA Re-Appraisal of the Stolper-Samuelson TheoremDoes the Stolper-Samuelson theorem hold within the diversification cone?Does the Stolper-Samuelson theorem hold outside the diversification cone?Does the Stolper-Samuelson theorem hold when the general-equilibrium jumps from one structure to another?ConclusionReferences

Suggested Citation

  • Wen Li Cheng & Jeffrey Sachs & Xiaokai Yang, 2005. "A General-Equilibrium Re-Appraisal Of The Stolper-Samuelson Theorem," World Scientific Book Chapters, in: An Inframarginal Approach To Trade Theory, chapter 8, pages 131-149, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812569257_0008
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    References listed on IDEAS

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    1. Mantel, Rolf R., 1974. "On the characterization of aggregate excess demand," Journal of Economic Theory, Elsevier, vol. 7(3), pages 348-353, March.
    2. Ethier, Wilfred, 1974. "Some of the theorems of international trade with many goods and factors," Journal of International Economics, Elsevier, vol. 4(2), pages 199-206, May.
    3. Debreu, Gerard, 1974. "Excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 15-21, March.
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    Cited by:

    1. Yoonkyo Cho & Taehwan Kim & Jaewhak Roh, 2021. "An analysis of the effects of electronic commerce on the Korean economy using the CGE model," Electronic Commerce Research, Springer, vol. 21(3), pages 831-854, September.
    2. Wang-Sheng Lee, 2007. "Immigration and Wages: An Open Economy Model," Melbourne Institute Working Paper Series wp2007n07, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    3. Bittencourt, Maurício Vaz Lobo, 2003. "Does The Stolper-Samuelson Theorem Hold With Less Trade Distortion?: A Computable General Equilibrium," 2003 Annual meeting, July 27-30, Montreal, Canada 22173, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Paul Oslington & Isaac Towers, 2010. "Trade, Migration, and Inequality in a World without Factor Price Equalization," Review of International Economics, Wiley Blackwell, vol. 18(4), pages 650-662, September.
    5. Cheng, Wenli & Yang, Xiaokai, 2004. "Inframarginal analysis of division of labor: A survey," Journal of Economic Behavior & Organization, Elsevier, vol. 55(2), pages 137-174, October.
    6. Christis G. Tombazos & Xiaokai Yang & Dingsheng Zhang, 2005. "A Neo‐Heckscher–Ohlin Model of Trade with Endogenous Production Patterns," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 71-81, August.

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