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We introduce non-tradable goods to the Heckscher-Ohlin-Samuelson (HOS) model to study the distributive effects of terms of trade shocks. We show that the employment of resources in activities ...

The K4DD Rapid Evidence Review begins with discussing a popular theoretical trade impact model (the Heckscher-Ohlin-Samuelson) model which suggests that trade openness has an impact on microeconomic ...

This is a preview. Log in through your library . Abstract This paper develops a general model of comparative advantage with two factors and a continuum of goods, which incorporates the Ricardian and ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper develops a theory of international trade in which financial development and factor endowments jointly determine ...