US Pork and China Trade in a Specific Factors Model
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Trade with China affects US outputs and factor prices, gauged in the present paper with
an applied specific factors model of production focused on pork production. Capital
returns closely mirror price changes in the comparative static adjustments. Pork output
increases slightly but much more in the long run as investment pursues higher return.
Wages of agricultural workers rise while production wages fall in the general
equilibrium adjustment.