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- W2048103711 abstract "The paper formally integrates Ricardo's two-sector growth model with his theory of comparative advantage. Differences with conventional representations of Ricardian trade theory, as well as with Heckscher-Ohlin-Samuelson theory , are noted. It is shown that the Ricardian equilibrium terms of trade are fully determinate, as against the standard Millian view. Also, trade may, depending on direction of specialization, inhibit rather than promote growth and lead to a net contraction of the world economy. Copyright 1986 by The Review of Economic Studies Limited." @default.
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- W2048103711 date "1986-11-01" @default.
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- W2048103711 title "Unifying Ricardo's Theories of Growth and Comparative Advantage" @default.
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- W2048103711 doi "https://doi.org/10.2307/2554097" @default.
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