An Essay on Trade and Transformation

actual trade assumed assumptions CALIFORNIA Berkeley Berkeley CALIFORNIA LIBRARY capita income levels capital accumulation capital-abundant country changes commodity comparative advantage coun country to import current allocation gains curve demand structure Diagram differences in factor Economic Journal Economic Studies effects of trade elimination entrepreneurs equation equilibrium export sector factor intensity factor price equalization factor prices factors of production foreign trade free trade gains from trade growth countries growth effects growth path Haberler Heckscher-Ohlin Heckscher-Ohlin theory higher import-competing sector increase indifference curve industry International Trade J. R. Hicks marginal matrix Ohlin opening-up of trade overlapping demands pattern of trade potential exports pre-trade primary products propensity to import purchasing power parity rate of growth ratio reallocation gains relative factor terms-of-trade Theory of International tion total income trade and factor trade in manufactures trade in primary trade is opened trade theory u-countries underdeveloped countries UNIVERSITY OF CALIFORNIA welfare Welfare Economics