The comparative statics of industry-level produced-input-use in HOS trade theory

Ian Steedman

Review of Political Economy, 2005, vol. 17, issue 3, 465-470

Abstract: We consider the industry-level use of inputs, per unit of gross output, in a Heckscher-Ohlin-Samuelson model in which not only land and labour but the two produced commodities are used as inputs. The rate of interest is zero throughout and all the standard assumptions are made. When alternative equilibria are compared, the use of land (of labour) is always lower when the real rent (real wage) is higher. But even the assumption of Hicksian substitution everywhere does not permit comparable conclusions concerning the use of produced inputs. This is because a produced input can never become more expensive relative to all three other inputs (unlike a primary input).

Date: 2005
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09538250500147254 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:revpoe:v:17:y:2005:i:3:p:465-470

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRPE20

DOI: 10.1080/09538250500147254

Access Statistics for this article

Review of Political Economy is currently edited by Steve Pressman and Louis-Philippe Rochon

More articles in Review of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().