Substitution in Markusen’s Classic Trade and Factor Movement Complementarity Models

Mundell and Markusen each wrote classic papers on the relationship between trade and factor movement. Mundell showed that substitution holds in the Heckscher-Ohlin model. Markusen challenged the substitution result and showed in five different models that removing barriers to factor movement results...

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Bibliographic Details
Main Author: Schiff, Maurice
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2006/08/6944324/substitution-markusens-classic-trade-factor-movement-complementarity-models
http://hdl.handle.net/10986/8379