英文标题:
《Factor endowment--commodity output relationships in a three-factor
two-good general equilibrium trade model: Further analysis》
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作者:
Yoshiaki Nakada
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最新提交年份:
2018
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英文摘要:
The position of the EWS (economy-wide substitution)-ratio vector determines the Rybczynski sign pattern, which expresses the factor endowment--commodity output relationships, and the Stolper-Samuelson sign pattern, which expresses the commodity price--factor price relationships in a three-factor two-good general equilibrium trade model (see Nakada (2016a)). In this article, we show that the EWS-ratio vector exists on the line segment. Using this relationship, we develop a method to estimate the position of the EWS-ratio vector. We derive a sufficient condition for extreme factors to be economy-wide complements, which implies \"a strong Rybczynski result.\" Additionally, we derive a sufficient condition for a specific Stolper-Samuelson sign pattern to hold. We assume factor-intensity ranking is constant. This article provides a basis for further applications.
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中文摘要:
EWS(全经济替代)比率向量的位置决定了Rybczynski符号模式,该符号模式表示要素禀赋——商品产出关系,以及Stolper-Samuelson符号模式,该符号模式表示三因素二良好一般均衡贸易模型中的商品价格——要素价格关系(见Nakada(2016a))。在本文中,我们证明了EWS比率向量存在于线段上。利用这种关系,我们开发了一种估计EWS比率向量位置的方法。我们推导了极端因素是经济范围内互补的充分条件,这意味着“一个强Rybczynski结果”此外,我们还推导了一个特殊的斯托尔珀-萨缪尔森符号模式成立的充分条件。我们假设因子强度排名是常数。本文为进一步的应用提供了基础。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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