Does lumpiness matter in an open economy? [An article from: Journal of International Economics]

by P. Debaere

List Price:	~~$8.95~~
Amazon Price:	$8.95 & eligible for FREE Super Saver Shipping on orders over $25.
Lowest New Price:	$8.95
Availablitiy:	Available for download now

Editorial Reviews
Product Description
This digital document is a journal article from Journal of International Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
This paper addresses the empirical question whether the regional distribution of production factors within countries is ever so uneven that it triggers specialization of production that makes regions produce different sets of goods at different factor prices. Due to the different welfare effects of trade policy in a country with regional specialization, this is an important question. In addition, it is a question about the legitimacy of treating a country as a relatively homogenous unit. In answering these questions, I implement the concept of ''lumpiness'' as introduced by Courant and Deardorff [J. Polit. Econ. 100 (1992) 198]. I find that lumpiness or an uneven regional distribution of production factors that induces intranational specialization and different regional factor prices is not an issue for Japan, the United Kingdom and maybe not even for India.

Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.