Intra-industry trade: A Heckscher-Ohlin-Ricardo approach
Intra-industry trade: A Heckscher-Ohlin-Ricardo approach
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产业内贸易:赫克歇尔-俄林-里卡多方法
DOI:
10.1016/0022-1996(95)01383-3
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发表时间:
1995
影响因子:
3.3
通讯作者:
Donald R. Davis
中科院分区:
文献类型:
--
作者:
Donald R. Davis
The large volume of intra-industry trade is often cited as a critical element favoring trade theories based on increasing returns and imperfect competition over those with constant returns and perfect competition. The former provide an elegant account of intra-industry trade, while the latter, it is often argued, cannot. This paper provides an account of intra-industry trade based squarely on comparative advantage. The key is to introduce elements of Ricardian trade theory within the Heckscher-Ohlin framework. This is appropriate, as essential characteristics of intra-industry trade imply that technical differences matter. Increasing returns, in short, are not necessary for intra-industry trade.