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Satiation in an international economy


Falkinger, Josef (2001). Satiation in an international economy. In: Witt, Ulrich. Escaping satiation : the demand side of economic growth. Berlin: Springer, 187-197.

Abstract

The purpose of this paper is to explore the role of changes in the sectoral structure of world demand for the welfare implications of trade and international specialization. A two-countries two-goods model with external economies of scale is presented. Demand develops according to non-linear Engel-curves with phases of expansion and saturation. The economies of scale are exploited by international labor division where the two countries specialize on different sectors. A country which specializes on the production of the income-inelastic good may suffer losses from international labor division and trade.

Abstract

The purpose of this paper is to explore the role of changes in the sectoral structure of world demand for the welfare implications of trade and international specialization. A two-countries two-goods model with external economies of scale is presented. Demand develops according to non-linear Engel-curves with phases of expansion and saturation. The economies of scale are exploited by international labor division where the two countries specialize on different sectors. A country which specializes on the production of the income-inelastic good may suffer losses from international labor division and trade.

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Additional indexing

Item Type:Book Section, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Language:English
Date:2001
Deposited On:30 Oct 2013 07:28
Last Modified:07 Dec 2017 23:17
Publisher:Springer
ISBN:3-540-42086-X
Related URLs:http://opac.nebis.ch/F/?local_base=NEBIS&CON_LNG=GER&func=find-b&find_code=SYS&request=009652946

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