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Productivity, demand and the home market effect

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dc.contributor.authorGiraldo Salazar, Iaderspa
dc.contributor.authorJaramillo, Fernandospa
dc.contributor.orcidGiraldo Salazar, Iader [0000-0003-3068-6384]
dc.contributor.orcidJaramillo, Fernando [0000-0001-5978-9884]
dc.contributor.scopusGiraldo Salazar, Iader [57200334862]
dc.contributor.scopusJaramillo, Fernando [7004050228]
dc.date.accessioned2023-06-21T22:23:06Z
dc.date.available2023-06-21T22:23:06Z
dc.date.issued2018-01-24
dc.description.abstractenglishThe nature of causality between international trade and industrialization remains ambiguous. We consider a model of international trade that features the home market effect—where there are differences in income and productivity between sectors and between countries—to identify additional channels by which to determine the effects of international trade on industrialization. The introduction of non-homothetic preferences and differences in productivity can aid in interpreting of some apparent paradoxes within international trade, such as the commercial relations between more populated countries as China and India and large economies in term of their GDP as the U.S. Population size, demand composition, and productivity levels constitute the three main channels by which to determine the effects of international trade. Interactions among these channels define the results obtained, especially in terms of the countries’ industrialization levels. Additionally, we find that welfare levels under trade are always higher than those under autarky.eng
dc.description.orcidhttps://orcid.org/0000-0003-3068-6384
dc.description.orcidhttps://orcid.org/0000-0001-5978-9884
dc.description.scopushttps://www.scopus.com/authid/detail.uri?authorId=57200334862
dc.description.scopushttps://www.scopus.com/authid/detail.uri?authorId=7004050228
dc.identifier.doihttps://doi.org/10.1007/s11079-018-9476-1
dc.identifier.eissn1573-708X
dc.identifier.instnameinstname:Colegio de Estudios Superiores de Administración – CESA
dc.identifier.issn0923-7992
dc.identifier.reponamereponame:Biblioteca Digital – CESA
dc.identifier.repourlrepourl:https://repository.cesa.edu.co/
dc.identifier.urihttp://hdl.handle.net/10726/5094
dc.language.isoeng
dc.publisherSpringer New York LLC
dc.relation.citationendpage545
dc.relation.citationissue3
dc.relation.citationstartpage517
dc.relation.citationvolume29
dc.relation.ispartofjournalOpen Economies Review
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.rights.coarhttp://vocabularies.coar-repositories.org/access_rights/c_16ec/
dc.rights.localAcceso Restringido
dc.subject.proposalInternational trade
dc.subject.proposalNon-homothetic preferences
dc.subject.proposalHome market effect
dc.subject.proposalMonopolistic competition
dc.titleProductivity, demand and the home market effecteng
dc.typearticle
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversionhttp://purl.org/coar/version/c_71e4c1898caa6e32
dc.type.driverinfo:eu-repo/semantics/article
dc.type.redcolhttp://purl.org/redcol/resource_type/ART
dc.type.versioninfo:eu-repo/semantics/acceptedVersion

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