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    Rights statement: This is the author’s version of a work that was accepted for publication in International Review of Economics & Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Review of Economics & Finance, 54, 2018 DOI: 10.1016/j.iref.2017.08.013

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The gains from trade in intermediate goods: A Ricardo-Sraffa-Samuelson model

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The gains from trade in intermediate goods: A Ricardo-Sraffa-Samuelson model. / Soo, Kwok Tong.
In: International Review of Economics and Finance, Vol. 54, 03.2018, p. 244-261.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Soo KT. The gains from trade in intermediate goods: A Ricardo-Sraffa-Samuelson model. International Review of Economics and Finance. 2018 Mar;54:244-261. Epub 2017 Sept 1. doi: 10.1016/j.iref.2017.08.013

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Soo, Kwok Tong. / The gains from trade in intermediate goods : A Ricardo-Sraffa-Samuelson model. In: International Review of Economics and Finance. 2018 ; Vol. 54. pp. 244-261.

Bibtex

@article{4cbeaabee8674d8eb8c153086f08c637,
title = "The gains from trade in intermediate goods: A Ricardo-Sraffa-Samuelson model",
abstract = "This paper develops a model of intermediate and final goods trade based on comparative advantage. Firms endogenously decide whether to produce a final good directly using labour, or indirectly using both labour and intermediate inputs. It is shown that the gains from trade in intermediate and final goods exceeds that from trade in final goods alone. Falling trade and coordination costs result in an endogenous change in the structure of production towards a more fragmented structure, with corresponding implications for trade patterns.",
keywords = "Intermediates trade, Comparative advantage, Structure of production",
author = "Soo, {Kwok Tong}",
note = "This is the author{\textquoteright}s version of a work that was accepted for publication in International Review of Economics & Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Review of Economics & Finance, 54, 2018 DOI: 10.1016/j.iref.2017.08.013",
year = "2018",
month = mar,
doi = "10.1016/j.iref.2017.08.013",
language = "English",
volume = "54",
pages = "244--261",
journal = "International Review of Economics and Finance",
issn = "1059-0560",
publisher = "Elsevier Inc.",

}

RIS

TY - JOUR

T1 - The gains from trade in intermediate goods

T2 - A Ricardo-Sraffa-Samuelson model

AU - Soo, Kwok Tong

N1 - This is the author’s version of a work that was accepted for publication in International Review of Economics & Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in International Review of Economics & Finance, 54, 2018 DOI: 10.1016/j.iref.2017.08.013

PY - 2018/3

Y1 - 2018/3

N2 - This paper develops a model of intermediate and final goods trade based on comparative advantage. Firms endogenously decide whether to produce a final good directly using labour, or indirectly using both labour and intermediate inputs. It is shown that the gains from trade in intermediate and final goods exceeds that from trade in final goods alone. Falling trade and coordination costs result in an endogenous change in the structure of production towards a more fragmented structure, with corresponding implications for trade patterns.

AB - This paper develops a model of intermediate and final goods trade based on comparative advantage. Firms endogenously decide whether to produce a final good directly using labour, or indirectly using both labour and intermediate inputs. It is shown that the gains from trade in intermediate and final goods exceeds that from trade in final goods alone. Falling trade and coordination costs result in an endogenous change in the structure of production towards a more fragmented structure, with corresponding implications for trade patterns.

KW - Intermediates trade

KW - Comparative advantage

KW - Structure of production

U2 - 10.1016/j.iref.2017.08.013

DO - 10.1016/j.iref.2017.08.013

M3 - Journal article

VL - 54

SP - 244

EP - 261

JO - International Review of Economics and Finance

JF - International Review of Economics and Finance

SN - 1059-0560

ER -