EconStor >
Universität Rostock >
Institut für Volkswirtschaftslehre, Universität Rostock >
Thünen Series of Applied Economic Theory, Universität Rostock >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/39719
  
Title:Trade and development in a labor surplus economy PDF Logo
Authors:Barbier, Edward B.
Rauscher, Michael
Issue Date:2005
Series/Report no.:Thünen-series of applied economic theory 53
Abstract:This paper looks at a model in which two countries trade agricultural and manufactured commodities. The manufactured-goods sector produces with increasing returns to scale under conditions of monopolistic competition. It is shown that an increase in land endowment (or an increase in agricultural productivity) can have negative welfare implications for both countries. This outcome can result under three different scenarios: asymmetries across countries, i.e. a North-South model, a neoclassical labor market in the home country's instead of a Lewisian market, and alternative utility functions.
Subjects:international trade
labor surplus economy
land expansion
monopolistic competition
North-South model
JEL:F12
J61
O15
O18
Document Type:Working Paper
Appears in Collections:Thünen Series of Applied Economic Theory, Universität Rostock

Files in This Item:
File Description SizeFormat
610194038.pdf467.94 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/39719

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.