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Integrated equilibrium in a Heckscher-Ohlin-Ricardo model

Research output: Working paper

Published
Publication date2005
Place of PublicationLancaster University
PublisherThe Department of Economics
<mark>Original language</mark>English

Publication series

NameEconomics Working Paper Series

Abstract

This paper shows that, unlike in the Heckscher-Ohlin model, the integrated equilibrium in the Davis (1995) Heckscher-Ohlin-Ricardo model depends crucially on demand patterns. The area defining the integrated equilibrium is smaller, the greater is the weight placed by consumers on the good that has different technologies across countries.