A Non-Neoclassical General Equilibrium Trade Model Implemented for Quebec

Tim Hazledine

Working Paper from Economics Department, Queen's University

Abstract: A general equilibrium model of changes in tariffs is developed. The neoclassical 'law-of-one-price' does not hold in the international markets for manufactured good; it is replaced with a model of market behaviour where goods are generally heterogeneous. This model is consistent with intra-industry trade and other empirical findings. The model is tested on data on the Quebec economy in 1974.

Pages: 55
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:381

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