Two-way Trade

H. Peter Gray

Chapter 11 in A Generalized Theory of International Trade, 1976, pp 172-186 from Palgrave Macmillan

Abstract: Abstract Simultaneous exports and imports of a single good constitute two-way trade for a nation. The quantitative importance of this type of trade pattern is prima facie evidence of the inadequacy of the orthodox body of theory to provide a realistic framework for analysis of modern patterns of international trade. This chapter will show how two-way trade can take place between a nation and its trading partners and will identify the main characteristics of the trading nations that will give rise to two-way trade.

Keywords: Demand Curve; Intermediate Good; Factor Price; Domestic Currency; Supply Elasticity (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02883-2_11

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DOI: 10.1007/978-1-349-02883-2_11

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