Trade-in-goods and trade-in-tasks: An Integrating Framework

Richard Baldwin and Frederic Robert-Nicoud

No 7775, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold for trade-in-tasks. We show trade-in-tasks creates intraindustry trade in a Walrasian economy, and derive necessary and sufficient conditions for analyzing the impact of trade-in-tasks on wages and production. Extensions of the integrating framework easily accommodate monopolistic competition and two-way offshoring/trade-in-tasks.

Keywords: Globalisation; Trade in tasks; Offshoring; Trade theory (search for similar items in EconPapers)
JEL-codes: F11 F12 F16 (search for similar items in EconPapers)
Date: 2010-04
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Citations: View citations in EconPapers (64)

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Related works:
Journal Article: Trade-in-goods and trade-in-tasks: An integrating framework (2014)
Working Paper: Trade-in-goods and trade-in-tasks: An Integrating Framework (2010)
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