A Geometry Of Specialisation

Joseph Francois and Douglas Nelson

Economic Journal, 2002, vol. 112, issue 481, 649-678

Abstract: Division of labour models have become a standard analytical tool, along with competitive general equilibrium models (Ricardian, HOS, Ricardo--Viner), in public finance, trade, growth, development and macroeconomics. Yet unlike the earlier models, these models lack a canonical graphical representation. This is because they are both new and complex, characterised by multiple equilibria, instability and emergent structural properties under parameter transformation. We develop a general framework for such models, illustrating results from current research on specialisation models, and explaining why one sub--class of these models is particularly difficult to illustrate. Copyright 2002 Royal Economic Society

Date: 2002
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Working Paper: A geometry of Specialization (1998)
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