Abstract
This chapter discusses extensions of the simple 2 × 2 Ricardo model. In particular, it considers extensions to several goods and countries, the possibility of international technology diffusion, and the possibility of imperfect labor mobility between sectors. The chapter shows how these extensions make the Ricardian framework a useful tool for understanding data, and, thus, help to put Ricardian Trade Theory (back) to work.
Original language | English (US) |
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Title of host publication | 200 Years of Ricardian Trade Theory |
Subtitle of host publication | Challenges of Globalization |
Publisher | Springer International Publishing |
Pages | 157-173 |
Number of pages | 17 |
ISBN (Electronic) | 9783319606064 |
ISBN (Print) | 9783319606057 |
DOIs | |
State | Published - Jan 1 2017 |
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
- Social Sciences(all)