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  • Division of Labour RIE Final

    Rights statement: This is the peer reviewed version of the following article: Soo KT. International trade and the division of labor. Rev Int Econ. 2018;26:322–338. https://doi.org/10.1111/roie.12333 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/roie.12333/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

    Accepted author manuscript, 268 KB, PDF document

    Available under license: CC BY-NC: Creative Commons Attribution-NonCommercial 4.0 International License

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International trade and the division of labor

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Published
<mark>Journal publication date</mark>05/2018
<mark>Journal</mark>Review of International Economics
Issue number2
Volume26
Number of pages17
Pages (from-to)322-338
Publication StatusPublished
Early online date13/10/17
<mark>Original language</mark>English

Abstract

This paper develops a model of international trade based on the division of labor under perfect competition. International trade, by eliminating the duplication of coordination costs, leads to a greater variety of tasks, each produced at a larger scale than in autarky. The greater variety of tasks implies greater division of labor and hence gains from trade. Extending the model to two factors of production yields the additional result that if the two countries are sufficiently similar in their relative endowments, then both factors of production can experience gains from trade.

Bibliographic note

This is the peer reviewed version of the following article: Soo KT. International trade and the division of labor. Rev Int Econ. 2018;26:322–338. https://doi.org/10.1111/roie.12333 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/roie.12333/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.