Preferential Trade Arrangements, Induced Investment, and National Income in a Heckscher-Ohlin-Ramsey Model

Arbeitspapier

We develop a Heckscher-Ohlin-Ramsey model, combining dual techniqueswith classic geometric techniques fromtrade theory. This framework is used to explore the long-run generalequilibrium effects of regional integration(preferential trade agreements). Emphasis is placed on positivemechanics related to adjustment in the capitalstock, long-run changes in the pattern in trade, and the implicationsfor changes in long-run (steady-state)national income. The importance of relative country size and thedynamic implications for third countries are alsoaddressed.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Tinbergen Institute Discussion Paper ; No. 00-061/2

Classification and Topics

• Classification: Wirtschaft ; Economic Integration ; Open Economy Macroeconomics
• Subject: regionalism ; trade and investment ; preferential trade arrangements ; Heckscher Ohlin Ramsey model ; trade and growth ; Außenwirtschaftstheorie ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Francois, Joseph ; Rombout, M.
• Event: Veröffentlichung
• (who): Tinbergen Institute
• (where): Amsterdam and Rotterdam
• (when): 2000

Further information

• Handle: http://hdl.handle.net/10419/85439
• Last update: 10.03.2025, 11:44 AM CET