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Discussion Paper Details

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Title: Trade-in-goods and trade-in-tasks: An Integrating Framework

Author(s): Richard Baldwin and Frédéric Robert-Nicoud

Publication Date: April 2010

Keyword(s): globalisation, offshoring, trade in tasks and trade theory

Programme Area(s): International Trade and Regional Economics

Abstract: Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold for trade-in-tasks. We show trade-in-tasks creates intraindustry trade in a Walrasian economy, and derive necessary and sufficient conditions for analyzing the impact of trade-in-tasks on wages and production. Extensions of the integrating framework easily accommodate monopolistic competition and two-way offshoring/trade-in-tasks.

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Bibliographic Reference

Baldwin, R and Robert-Nicoud, F. 2010. 'Trade-in-goods and trade-in-tasks: An Integrating Framework'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=7775