Titlebook: International Economics; Bo Södersten,Geoffrey Reed Textbook 1994Latest edition Bo Södersten 1970, 1980; Bo Södersten and Geoffrey Reed 19

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The Heckscher–Ohlin Modelage was determined by technological differences, and a three-factor model where labour was the only mobile factor and comparative advantage was determined by differences in the endowment of one of the factors. We saw that in both cases the move to free trade leads to a transfer of the mobile factor

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The Partial Equilibrium Analysis of Trade Policyssings of free trade. During the eighteenth and at the beginning of the nineteenth century, tariffs were used primarily to raise government revenue. The taxing of imports is probably the easiest existing means by which a government may acquire income. In the 1840s the teaching of the classical econo

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The General Equilibrium Analysis of Trade Policypolicy instruments that we met in Chapter 10. There is however an important result — the Lerner Symmetry Theorem — which allows us to extend the results we shall obtain for tariffs to other price-based instruments. We shall discuss this theorem at the end of the chapter.

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Trade Policy and Distortions in Domestic Marketsve conditions then in general the use of trade policy will reduce welfare. The only exception is the use of an appropriate tariff (or export tax) when the country is large enough to affect the prices at which it trades with the rest of the world.