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Titlebook: International Trade; Causes and Consequen J. Borkakoti Textbook 1998Latest edition Palgrave Macmillan, a division of Macmillan Publishers L

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Two Theorems in Comparative Statics: The Rybczynski Theorem and the Findlay-Grubert Theorem, (2) that the state of technology was given and fixed. This chapter discusses the results which are obtained by eschewing these assumptions. Rybczynski (1955), in a classic paper, discusses the impact of a change in the endowment of a factor on the sectoral levels of output and on the inter-industry
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International Trade and Economic Growth,953). There are three agents of economic growth: capital accumulation, increase in labour supply and technological progress. Historically, economic growth has always been accompanied by invention and innovation of new products — a phenomenon which has only been recently captured in formal growth mod
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Trade and Growth Mathematically Treated, knowledge. However, mathematical equations bring out the interrelationships of endogenous variables into sharper focus. In this chapter we will first discuss the consequences of capital accumulation (that is, an increase in the stock of capital) in one country on the terms of trade and volume of tr
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