ch05 The Standard Trade Model 国际商务硕士 国际经济学 教学课件.pptVIP

Chapter 5 The Standard Trade Model Preview Measuring the values of production and consumption Welfare and terms of trade Effects of economic growth Effects of international transfers of income Effects of import tariffs and export subsidies Income distribution Introduction The standard trade model combines ideas from the Ricardian model and the Heckscher-Ohlin model. Differences in labor services, labor skills, physical capital, land, and technology between countries cause productive differences, leading to gains from trade. These productive differences are represented as differences in produc