Specific Factors Model: Short-Run Trade Winners
Specific factors model analysis explains why trade creates clear short-run winners and losers when capital or land is tied to...
Stolper-Samuelson
Lerner Diagram: Factor Prices in Trade Theory
Lerner diagram analysis shows how goods prices determine wages and capital returns through unit-value isoquants in trade theory.
Factor Price Equalization: Trade and Wage Convergence
Factor price equalization explains why trade can make wages and capital returns converge through goods prices, even when workers and...
Trade and Wages for Skilled and Unskilled: Textbook Defied
How trade and wages for skilled and unskilled workers diverged from textbook predictions, why the skill premium rose, and what...
Trade and Inequality: From Stolper-Samuelson to the China Shock
Trade and inequality have been debated since Stolper-Samuelson in 1941. The China shock literature gave the debate empirical teeth and...