Models | Economics Discussion

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Models of Intra-Industry Trade | International Trade | Economics

List of models of intra-industry trade: 1. Neo-Heckscher-Ohlin Model 2. Neo Chamberlinian Models 3. Neo Hotelling Models. 1. Neo-Heckscher-Ohlin Model: The original H-O theory of international trade is not capable of explaining the intra-industry trade. Some writers have still made attempts to explain the intra-industry trade based on factor endowments by establishing link between the product specifications and the different [...]

By Aahana S|2018-03-15T11:34:36+05:30March 15, 2018|Models|Comments Off

Models of Surplus Labour | Economic Models | Economics

The following points highlight the two main models of surplus labour. The models are: 1. The Lewis Model 2. Harris-Todaro Model. 1. The Lewis Model: The Lewis model presents a long run view of the development of a dual economy. It traces the path over time of a low-income, backward economy moving slowly but steadily towards a distinct but clearly [...]

By Anushree A|2017-03-04T14:07:49+05:30March 1, 2017|Models|Comments Off