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Details for article 24 of 159 found articles
| Title: |
Comparative Advantage and Hysteresis in Trade Balance |
| Author: |
Wang, Yunjong |
| Appeared in: |
International economic journal |
| Paging: | Volume 9 (1995) nr. 4 pages 57-76 |
| Year: |
1995 |
| Contents: |
This paper constructs the Ricardian trade model with a continuum of goods to analyze the entry and exit behavior of firms in response to real exchange rate fluctuations. Our general equilibrium model of International duopoly provides a systematic formulation in underscoring both the role of irreversible market-entry sunk costs and real exchange rate movement in determining the competitive margin and the contribution of hysteresis to the persistence of trade deficit. [F12] |
| Publisher: |
Routledge |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 24 of 159 found articles
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