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| Tekijä: | Davis, D. Weinstein, D. |
| Otsikko: | International trade as an "integrated equilibrium": new perspectives |
| Lehti: | American Economic Review
2000 : MAY, VOL. 90:2, p. 150-154 |
| Asiasana: | ECONOMICS INTERNATIONAL TRADE EQUILIBRIUM THEORY |
| Kieli: | eng |
| Tiivistelmä: | The integrated equilibrium is a paradigm that has played a central role in the field of international trade. The concept originated with Paul A. Samuelson, was further developed by Avinash K. Dixit and Victor F. Norman (1980), and placed at the heart of international analysis by Elhanan Helpman and Paul R. Krugman (1985). The central idea is that a world with imperfect mobility of productive factors across regions or countries may replicate the essential equilibrium of a fully integrated economy, provided that goods are perfectly mobile. |
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