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| Author: | Matsuyama, K. |
| Title: | A Ricardian model with a continuum of goods under nonhomothetic preferences: demand complementarities, income distribution, and North-South trade |
| Journal: | Journal of Political Economy
2000 : DEC, VOL. 108:6, p. 1093-1120 |
| Index terms: | CONSUMER GOODS NEW INTERNATIONAL ECONOMIC ORDER |
| Freeterms: | RICARDIAN MODEL |
| Language: | eng |
| Abstract: | This paper develops a Ricardian model of trade in which goods are indexed according to priority and higher-indexed goods are consumed only by richer households. South (North) has a comparative advantage in lower- (higher-) indexed goods and, hence, specializes in goods with lower (higher) income elasticities of demand. |
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