1998-01-16
A Geometry of Specialization
Publication
Publication
Division of labor models have become a standard analytical tool, along with competitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development, and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical representation. This is because they are both new and complex, characterized by multiple equilibria, instability, and emergent structural properties under parameter transformation. We develop a general framework for such models, illustrating results from current research on specialization models, and explaining why one sub-class of these models is particularly difficult to illustrate easily.
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hdl.handle.net/1765/7782 | |
Tinbergen Institute Discussion Paper Series | |
Organisation | Tinbergen Institute |
François, J., & Nelson, D. (1998). A Geometry of Specialization (No. TI 98-006/2). Tinbergen Institute Discussion Paper Series. Retrieved from http://hdl.handle.net/1765/7782 |