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| Author: | Trionfetti, F. |
| Title: | Using Home-Biased Demand to Test Trade Theories |
| Journal: | Weltwirtschaftliches Archiv
2001 : VOL. 137:3, p. 404-426 |
| Index terms: | DEMAND TRADE THEORIES |
| Language: | eng |
| Abstract: | The last thirty years have witnessed a competition between two theoretical paradigms: one characterized by constant returns and perfect competition (CRS-PC) and the other characterized by increasing returns and monopolistic competition (IRS-MC). In order to assess the relative importance of the two paradigms, therefore, it seems important to ascertain which sectors can be associated with which paradigm. This requires a discriminating hypothesis suitable for empirical testing. This is the aim of this paper. In the theoretical part, the author identifies a discriminating hypothesis that permits to discern between the two paradigms. |
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