Factor endowment -- commodity output relationships in a three-factor, two-good general equilibrium trade model
Economics
2017-12-04 v1
Abstract
We analyze the Rybczynski sign pattern, which expresses the factor endowment - commodity output relationships in a three-factor, two-good general equilibrium trade model. The relationship determines whether a strong Rybczynski result holds. We search for a sufficient condition for each Rybczynski sign pattern to hold in a systematic manner, which no other studies have derived. We assume factor-intensity ranking is constant. We use the EWS (economy-wide substitution)-ratio vector and the Hadamard product in our analysis. We show that the position of the EWS-ratio vector determines the Rybczynski sign pattern. This article provides a basis for further applications.
Cite
@article{arxiv.1711.11429,
title = {Factor endowment -- commodity output relationships in a three-factor, two-good general equilibrium trade model},
author = {Yoshiaki Nakada},
journal= {arXiv preprint arXiv:1711.11429},
year = {2017}
}
Comments
arXiv admin note: substantial text overlap with arXiv:1711.10096