Template-type: ReDIF-Paper 1.0
Author-Name: Michael Thompson
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Title: Trade and Foreign Capital: Income Redistribution in Simulated
       Trade Models
Abstract: The present paper compares quantitative impacts of a free trade "program" of 
 1% price changes across simulations of general equilibrium models of countries and 
 aggregates of skilled labor. These simulations of factor proportions and specific factors
 models illustrate two quantitative properties of competitive models of production and 
 trade. First, factor intensity has a much stronger influence than factor substitution on
 the pattern of income redistribution due to price changes and foreign capital. Second,
 price changes associated with trade have a much stronger impact than foreign capital. 
Keywords: free trade, foreign capital
Length: 22 pages
Creation-Date: 2002-05-01
File-URL: http://icepp.gsu.edu/files/2015/03/ispwp0208.pdf
File-Format: Application/PDF
Handle: RePEc:ays:ispwps:paper0208