Divergence, Convergence, and the Gains From Trade*
作者:
Saul H. Hymans,
Frank P. Stafford,
期刊:
Review of International Economics
(WILEY Available online 1995)
卷期:
Volume 3,
issue 1
页码: 118-123
ISSN:0965-7576
年代: 1995
DOI:10.1111/j.1467-9396.1995.tb00056.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
AbstractThis paper is about a country which has enjoyed a comparative advantage in producing some good(s) and suddenly finds its trading partners increasing their productivity in producing precisely those same goods; e.g., the US with its big lead in many kinds of manufacturing production in the 1950s and 1960s, and the rest of the world catching up in the same kinds of goods in the 1970s and 1980s. This is what the paper means by “convergence.” We show that such convergence results in anabsoluteloss of real income and standard of living for the original “leader”
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