Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: May, 1976, Volume 44, Issue 3

A Small Open Economy with More Produced Commodities than Factors<561:ASOEWM>2.0.CO;2-1
p. 561-573

Wolfgang Mayer

A general equilibrium trade model with more produced commodities than factors is specified under the assumption that industry production functions are homothetic. The main issue under consideration is that of local and global determinateness of the economy's production pattern. The paper also examines the impact of exogenous commodity price and endowment changes on output levels and factor returns.

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