On the Distributive Effects of Terms of Trade Shocks : The Role of Non-tradable Goods.
We introduce non-tradable goods to the Heckscher-Ohlin-Samuelson (HOS) model to study the distributive effects of terms of trade shocks. We show that the employment of resources in activities producing exclusively for the local market induces a crucial association between domestic spending and facto...
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2010/241 |
| Accesso online: | Full text available on IMF |