This paper adopts a new approach to the problem of generalizing the properties of the two-by-two Heckscher-Ohlin model, asking whether we can obtain results which hold in very general models for ...

The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession and is ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper develops a theory of international trade in which financial development and factor endowments jointly determine ...

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