Technology and the Demand for Imports

摘要: In the pure theory of international trade, traded goods are generally viewed as finished products. This is in sharp contrast with fact that bulk world trade intermediate To reconcile facts, a number models products have been proposed recent years.' Most these used to investigate validity well-known theorems presence products.2 Hence most rather complex, allowing for two factors production and final goods, well one or products.3 Another feature common models, borrowed from standard assumption nonjoint input quantities.4 leads remarkable theoretical results, but it also greatly increases possible patterns interindustry flows, thus adds complexity models." Furthermore, if larger than factors, nonjointness indeterminacy unless additional assumptions made;6 typically some not produced domestically,7 internationally.8 further multiplies cases, explains perhaps why none so far has emerged benchmark model, much same way as,