Distribution, Growth and International Trade

Sergio Parrinello

Chapter 14 in Fundamental Issues in Trade Theory, 1979, pp 159-187 from Palgrave Macmillan

Abstract: Abstract This essay is concerned with certain relationships between the distribution of income, accumulation of capital and international trade. These relationships will be examined in the context of a two-country world, each economy being in long-run competitive equilibrium. Our method of analysis will be to consider paths of steady growth. This method will be used to examine certain relationships between distribution, growth and international trade which are independent of subjective elements, such as individuals’ expectations and preferences. Moreover, this analysis will allow a critical examination of the foundations of the Heckscher-Ohlin-Samuelson approach;1 foundations that are also at the basis of certain dynamic formulations of the neo-classical theory of international trade.

Keywords: International Trade; Wage Rate; Real Wage; Capital Good; Trade System (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04378-1_14

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DOI: 10.1007/978-1-349-04378-1_14

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