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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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| 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 |