Preferential Trade Arrangements, Induced Investment, and National Income in a Heckscher-Ohlin-Ramsey Model

Joseph Francois and M. Rombout
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M. Rombout: Erasmus University Rotterdam

No 00-061/2, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We develop a Heckscher-Ohlin-Ramsey model, combining dual techniqueswith classic geometric techniques fromtrade theory. This framework is used to explore the long-run generalequilibrium effects of regional integration(preferential trade agreements). Emphasis is placed on positivemechanics related to adjustment in the capitalstock, long-run changes in the pattern in trade, and the implicationsfor changes in long-run (steady-state)national income. The importance of relative country size and thedynamic implications for third countries are alsoaddressed.

Keywords: regionalism; trade and investment; preferential trade arrangements; Heckscher Ohlin Ramsey model; trade and growth (search for similar items in EconPapers)
JEL-codes: F1 F15 F41 (search for similar items in EconPapers)
Date: 2000-07-31
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Working Paper: Preferential Trade Arrangements, Induced Investment, and National Income in a Heckscher-Ohlin-Ramsey Model (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20000061

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