Chapter 6: Factor abundance and trade

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Presentation transcript:

Chapter 6: Factor abundance and trade Charles van Marrewijk International Trade Chapter 6: Factor abundance and trade

6. 2 sector 71 exports; pearls, precious stones, metals, coins, etc

6.3 sector 85 exports; electrical, electronic equipment, 2014

    6.4 sector-specific capital                                

6.5 construction of the Edgeworth box 4 5 3 2 1

6.6 the Edgeworth box

6.7 the contract curve

6.8 contract curve for different capital intensities        

6.9 the Rybczynski proposition; expansion of labour force                      

6.10 consumer optimization problem

6.11 homothetic iso-utility curves are radial blow-ups

6.12 production possibility frontier

6.13 production possibility frontiers; impact of changing capital intensity      

6.14 impact of a change in capital on the PPF and the Rybczynski line

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

6.16 equilibrium structure delivery of manufactures   capital owners capital services (rental income) production of food consumers production of manufactures labour services (wage income) labourers delivery of food   direction goods flows (direction money flows)

6.17 autarky production and consumption

6.18 international trade equilibrium

6.19 share of USA and world trade in different type of products, per cent