A New Construction of Ricardian Trade Theory—A Many-country, Many-commodity Case with Intermediate Goods and Choice of Production Techniques—
@article{Shiozawa2007ANC, title={A New Construction of Ricardian Trade Theory—A Many-country, Many-commodity Case with Intermediate Goods and Choice of Production Techniques—}, author={Yoshinori Shiozawa}, journal={Evolutionary and Institutional Economics Review}, year={2007}, volume={3}, pages={141-187} }
Ricardian trade theory is one of the most famous theories of economics but appears to have been little developed. Many attempts were made to extend the theory to multi-country, multi-commodity cases, but none succeeded to construct a general theory that included intermediate goods. A need to include intermediate goods within the theory was evident, but hurdles to introduce intermediate inputs were high. Intermediate goods change the entire structure of analysis; when they are traded, the price…
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