international factor international factor movements. ... a.labour and capital movements b.incidence

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  • International Factor Movements

  • I. Introduction

    A. Labour and capital movements

    B. Incidence has increased over time.

  • C. Examine effects for a small open economy (SOE)

  • II. Short-Run Effects

    A. Brief Review of Specific-Factors Model

  • B. Consider movement of the non-specific factor from the ROW

    to H

    (i). Effect on real factor prices

  • (ii). Effect on outputs

  • (iii). Two case studies

  • Figure 5.3 Wages in Europe and the New World Feenstra and Taylor: International Economics, First Edition Copyright © 2008 by Worth Publishers

  • .

  • (iv). Welfare effects

  • Table 5.5 Gains from Immigration Feenstra and Taylor: International Economics, First Edition Copyright © 2008 by Worth Publishers

  • C. Consider movement of a specific factor from the ROW to H

    (i). Effects on real factor prices

  • .

  • .

  • (ii). Effect on Outputs

  • (iii). Effect on Welfare

  • D. Long-Run Effects

    (i). Brief Review of Heckscher-Ohlin(-Samuelson) Model

  • (ii). Effect on real factor prices

  • (iii). Effect on Outputs

  • .

  • (iv). Effect on Welfare

  • .

  • .

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