A 'Live' Version of the Specific Factors Model in Excel

John Gilbert

No 2009-12, Working Papers from Utah State University, Department of Economics

Abstract: We present a numerical version of the specific factors model of production/trade in a small economy, built in Excel. The model features the most common graphical devices used to explain the model properties. It differs from earlier work in that the solution is embedded in the sheet, making the use of the Solver add-in unnecessary. The equilibrium values and graphics respond instantly to changes in parameters/exogenous variables. The model can be used to demonstrate the usual properties (price-factor price relations, etc.) of the specific factors model.

Keywords: Specific factors model; Excel (search for similar items in EconPapers)
JEL-codes: A2 D5 F1 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2009-10-11, Revised 2009-10-11
New Economics Papers: this item is included in nep-cmp
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https://repec.bus.usu.edu/RePEc/usu/pdf/eri2009-12.pdf (application/pdf)

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Working Paper: A 'Live' Version of the Specific Factors Model in Excel (2009)
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