Chapter 5: Technology: the neoclassical approach

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Presentation transcript:

Chapter 5: Technology: the neoclassical approach Charles van Marrewijk International Trade Chapter 5: Technology: the neoclassical approach

5.2 global intra- and inter-regional trade flows, % of total 4.2 1.9 3.2 2.5 1.8 EUR CAS 1.6 2.6 NAM 2.9 2.3 EAS 1.0 2.2 2.6 MNA 1.4 2.1 SAS 1.1 2.9 SSA SEA 1.3 LAC PAC 1.0 Bubbles proportional to size of trade flows in 2011; light-shaded area is extra-regional trade; dark-shaded area is intra-regional trade; weight of inter-regional trade flow is proportional to size (in percent); only flows of 1 percent or more are shown.

5.3 international trade flows bubbles are proportional to a country’s trade flows in 2011 located at the geographic centre

5.4 income per capita and capital per worker, 2011 bubbles proportional to population size

5.5 sector 27 exports; mineral fuels, oils, distillation products, etc., 2014

5.6 an isoquant

5.7 unit cost minimization                

5.8 impact of lower wage on cost-minimizing inputs                

  5.9 constant returns to scale and isoquants    

5.10 constant returns to scale and cost minimization      

5.11 unit value isocost line; effect of an increase in the rental rate      

5.12 unit value isoquants; effect of an increase in the price of manufactures          

5.13 the Lerner diagram                

5.14 Stolper-Samuelson in the dual approach          

5.15 analysis of an increase in the price of manufactures                      

5.16 sector 61 exports; articles of apparel, accessories, knit or crochet, 2014

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