2432 International Trade 2021 - 6 - Specific Factors Model |
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What happens when factors cannot move across sectors? In this lecture, we revisit the Stolper-Samuleson and Rybczynski Theorems when capital is specific to a sector (i.e., computers VS harvesting equipment) while labor is mobile.
Aarhus University Bachelor in Economics 2432: Game Theory and International Trade Music: www.bensound.com |