Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/25575
Title: Trade theorems with search unemployment
Authors: Sheng, Y
Xu, X 
Issue Date: 2010
Publisher: Wiley-Blackwell
Source: Canadian journal of economics, 2010, v. 43, no. 3, p. 795-815 How to cite?
Journal: Canadian journal of economics 
Abstract: We revisit the Heckscher-Ohlin-Samuelson model in the presence of labour market frictions à la Mortensen-Pissarides. Relaxing the assumption of the one-worker-one-firm matching rule, we show that the Stolper-Samuelson theorem and the Rybczynski theorem may not hold in specific circumstances. We also demonstrate that the Factor Price Equalization theorem is valid only for capital and unemployed labour across countries, but not for employed labour. In equilibrium, trade patterns are determined by countries' factor endowments and relative factor intensities in sectors (independent of factor intensities in production). Finally, our results suggest an additional explanation for the 'missing trade' phenomenon.
URI: http://hdl.handle.net/10397/25575
ISSN: 0008-4085
EISSN: 1540-5982
DOI: 10.1111/j.1540-5982.2010.01595.x
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

SCOPUSTM   
Citations

1
Last Week
0
Last month
0
Citations as of Nov 6, 2018

WEB OF SCIENCETM
Citations

1
Last Week
0
Last month
0
Citations as of Nov 14, 2018

Page view(s)

74
Last Week
2
Last month
Citations as of Nov 12, 2018

Google ScholarTM

Check

Altmetric


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