International Trade, Resource Mobility and Adjustments in a Changing World: Essays in Memory of Ronald W. Jones by Sugata Marjit, Biswajit Mandal
English | PDF EPUB (True) | 2024 | 502 Pages | ISBN : 9819756510 | 40.7 MB
This volume mainly focuses on the relevance and application of Heckscher-Ohlin Model and Specific Factors Model of trade, while also addressing other latest global issues which are connected with two most celebrated structures of trade models developed by the legendary trade theorist Prof. Ronald Winthrop Jones. The two models were published as 'The Structure of Simple General Equilibrium Models' (1965) and 'A Three Factor Model in Theory, Trade and History' (1971). Both the structures are used extensively by trade economists and development economists to decipher a bunch of interesting and intertwined ideas. The models being easy to follow, are capable of explaining some contemporary global concerns if modified judiciously. This includes both theory and policy in both competitive and imperfectly competitive markets. It also has some empirical dimensions.
