From great depression to great recession

被引：2

作者：

Vanek, Jaroslav ^{[1
]}

机构：

[1] Cornell Univ, Dept Econ, Ithaca, NY 14853 USA

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2011年 / 20卷 / 02期

关键词：

Free trade; Destructive trade; Comparative advantage; Second best; Great recession;

D O I：

10.1016/j.iref.2010.11.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper presents an overview of the history of thought on the factor content of trade. It emphasizes that the conditions of factor price equalization do not hold. It describes a theory of destructive trade that is at the root of the Great Recession of 2008 and 2009. Jobs outsourced to low-wage countries may have long-run effects on unemployment in countries that are abundant in capital. (C) 2010 Elsevier Inc. All rights reserved.

引用

页码：131 / 134

页数：4

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