Structural change in a Ricardian world economy: The role of extensive rent

Rodolfo Signorino, Giuseppe Freni, Neri Salvadori

Risultato della ricerca: Article

1 Citazione (Scopus)

Abstract

We study an implication of the Ricardian theory of differential extensive rent in a free trade regime. Tothis effect we develop a Ricardian two country two commodity open economy model. We assume that,unlike labour, land is heterogeneous both within and across countries and that the ratio of high to lowquality land is different among the trading countries. By means of a numerical example we show that asthe process of worldwide capital accumulation (and population growth) proceeds an industrial countrymay find it convenient to increase its domestic corn production and even reverse completely the patternof its imports and exports.
Lingua originaleEnglish
Numero di pagine6
RivistaSTRUCTURAL CHANGE AND ECONOMIC DYNAMICS
Stato di pubblicazionePublished - 2018

Fingerprint

Structural change
Rent
World economy
Import
Capital accumulation
Commodities
Population growth
Open economy
Corn
Free trade
Labor

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cita questo

@article{47d821cca918431fa48689a51f090919,
title = "Structural change in a Ricardian world economy: The role of extensive rent",
abstract = "We study an implication of the Ricardian theory of differential extensive rent in a free trade regime. Tothis effect we develop a Ricardian two country two commodity open economy model. We assume that,unlike labour, land is heterogeneous both within and across countries and that the ratio of high to lowquality land is different among the trading countries. By means of a numerical example we show that asthe process of worldwide capital accumulation (and population growth) proceeds an industrial countrymay find it convenient to increase its domestic corn production and even reverse completely the patternof its imports and exports.",
author = "Rodolfo Signorino and Giuseppe Freni and Neri Salvadori",
year = "2018",
language = "English",
journal = "STRUCTURAL CHANGE AND ECONOMIC DYNAMICS",
issn = "1873-6017",

}

TY - JOUR

T1 - Structural change in a Ricardian world economy: The role of extensive rent

AU - Signorino, Rodolfo

AU - Freni, Giuseppe

AU - Salvadori, Neri

PY - 2018

Y1 - 2018

N2 - We study an implication of the Ricardian theory of differential extensive rent in a free trade regime. Tothis effect we develop a Ricardian two country two commodity open economy model. We assume that,unlike labour, land is heterogeneous both within and across countries and that the ratio of high to lowquality land is different among the trading countries. By means of a numerical example we show that asthe process of worldwide capital accumulation (and population growth) proceeds an industrial countrymay find it convenient to increase its domestic corn production and even reverse completely the patternof its imports and exports.

AB - We study an implication of the Ricardian theory of differential extensive rent in a free trade regime. Tothis effect we develop a Ricardian two country two commodity open economy model. We assume that,unlike labour, land is heterogeneous both within and across countries and that the ratio of high to lowquality land is different among the trading countries. By means of a numerical example we show that asthe process of worldwide capital accumulation (and population growth) proceeds an industrial countrymay find it convenient to increase its domestic corn production and even reverse completely the patternof its imports and exports.

UR - http://hdl.handle.net/10447/326511

M3 - Article

JO - STRUCTURAL CHANGE AND ECONOMIC DYNAMICS

JF - STRUCTURAL CHANGE AND ECONOMIC DYNAMICS

SN - 1873-6017

ER -