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| Author: | Flam, H. Helpman, E. |
| Title: | Vertical product differentiation and North-South trade |
| Journal: | American Economic Review
1987 : DEC, VOL. 77:5, p.810-822 |
| Index terms: | DEVELOPING COUNTRIES INTERNATIONAL TRADE INCOME DISTRIBUTION |
| Language: | eng |
| Abstract: | A model is developed for North-South trade. The North exports high-quality and the South exports low-quality industrial products. The model is described in a mathematical form. Assumptions include a homogeneous and a vertically differentiated product. New patterns of trade dynamics are predicted. Faster technical progress in the southern industrial sector leads the North to introduce new high-quality products and the South to abandon low-quality products. Production of northern low-quality products is shifted to the South. Income distribution effects are analyzed. Results of population growth and technical progress are outlined. Intertemporal shifts in intraindustry and intersectorial trade are explained. |
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