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What does the eclectic trade model say about the Samuelson conundrum?

Research output: Working paper

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What does the eclectic trade model say about the Samuelson conundrum? / Soo, K T.
Lancaster University: The Department of Economics, 2006. (Economics Working Paper Series).

Research output: Working paper

Harvard

Soo, KT 2006 'What does the eclectic trade model say about the Samuelson conundrum?' Economics Working Paper Series, The Department of Economics, Lancaster University.

APA

Soo, K. T. (2006). What does the eclectic trade model say about the Samuelson conundrum? (Economics Working Paper Series). The Department of Economics.

Vancouver

Soo KT. What does the eclectic trade model say about the Samuelson conundrum? Lancaster University: The Department of Economics. 2006. (Economics Working Paper Series).

Author

Soo, K T. / What does the eclectic trade model say about the Samuelson conundrum?. Lancaster University : The Department of Economics, 2006. (Economics Working Paper Series).

Bibtex

@techreport{a2008cff167a49e0b098a0599c13ab1b,
title = "What does the eclectic trade model say about the Samuelson conundrum?",
abstract = "Can growth of a trading partner harm a country? This paper seeks to answer this question through the use of an eclectic trade model which is similar in flavour to Markusen (1986). This paper makes two contributions. First, it develops a simple and tractable model of international trade based on a combination of imperfectcompetition, comparative advantage, and identical but non-homothetic preferences in a three country framework. Second, it uses this framework to consider the possibility of losses from partner-country growth in a free-trading environment. We find that the presence of nonhomothetic preferences in particular, leads to a home bias in consumption which dampens any negative welfare effects when a country's trading partners grow.",
keywords = "International trade, three countries, non-homothetic preferences.",
author = "Soo, {K T}",
year = "2006",
language = "English",
series = "Economics Working Paper Series",
publisher = "The Department of Economics",
type = "WorkingPaper",
institution = "The Department of Economics",

}

RIS

TY - UNPB

T1 - What does the eclectic trade model say about the Samuelson conundrum?

AU - Soo, K T

PY - 2006

Y1 - 2006

N2 - Can growth of a trading partner harm a country? This paper seeks to answer this question through the use of an eclectic trade model which is similar in flavour to Markusen (1986). This paper makes two contributions. First, it develops a simple and tractable model of international trade based on a combination of imperfectcompetition, comparative advantage, and identical but non-homothetic preferences in a three country framework. Second, it uses this framework to consider the possibility of losses from partner-country growth in a free-trading environment. We find that the presence of nonhomothetic preferences in particular, leads to a home bias in consumption which dampens any negative welfare effects when a country's trading partners grow.

AB - Can growth of a trading partner harm a country? This paper seeks to answer this question through the use of an eclectic trade model which is similar in flavour to Markusen (1986). This paper makes two contributions. First, it develops a simple and tractable model of international trade based on a combination of imperfectcompetition, comparative advantage, and identical but non-homothetic preferences in a three country framework. Second, it uses this framework to consider the possibility of losses from partner-country growth in a free-trading environment. We find that the presence of nonhomothetic preferences in particular, leads to a home bias in consumption which dampens any negative welfare effects when a country's trading partners grow.

KW - International trade

KW - three countries

KW - non-homothetic preferences.

M3 - Working paper

T3 - Economics Working Paper Series

BT - What does the eclectic trade model say about the Samuelson conundrum?

PB - The Department of Economics

CY - Lancaster University

ER -