A Geometry of Specialization
1998-01-16
Research Paper
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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.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- O12 : Microeconomic Analyses of Economic Development
- O41 : One, Two, and Multisector Growth Models
- F12 : Models of Trade with Imperfect Competition and Scale Economies
Automatically Extracted Terms
- model
- production
- trade
- function
- frontier
- equilibrium
- point
- economy
- return
- country
- component
- trading costs
- bundle
- figure
- scale
- specialization
- labor
- effect
- ethier
- property
