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2022 | OriginalPaper | Chapter

Properties of the Production Possibility Frontier of Generalized Ricardian Economy with a Pure Public Intermediate Good

Author : Makoto Tawada

Published in: International Trade, Economic Development, and the Vietnamese Economy

Publisher: Springer Nature Singapore

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Abstract

This chapter investigates the shape of the production possibility frontier (PPF) of an economy where three primary factors, two of which are sector specific, two final goods, and one pure public intermediate good, exist and derives the conditions for a convex portion to appear in the PPF under the Cobb–Douglas type of production functions. The economy considered here includes the Ricardian type of economy treated by Manning and McMillan (1979) and Ricardo and Viner’s economy treated by Clarida and Findley (1992) and Tawada et al. (2020) as special cases in the present analysis.

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previous chapter Trade Liberalization and Profit Tax Reform Under Oligopolistic Vertical Trade
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Appendix
Available only for authorised users
Literature
Altenburg, L. (1987). Production possibilities with a public intermediate good. Canadian Journal of Economics, 25(2), 310–332.CrossRef
Binh, T.-N. (2012). An extended Ricardian model incorporating a consumption time constraint. Review of International Economics, 20(5), 1046–1051.CrossRef
Clarida, R. H., & Findlay, R. (1992). Government, trade, and comparative advantage. The American Economic Review, 82(2), 122–127.
Jones, W. R., & Weder, R. (2017). 200 years of Ricardian trade theory. Springer.CrossRef
Manning, R., & McMillan, J. (1979). Public intermediate goods, production possibilities, and international trade. Canadian Journal of Economics, 12(2), 243–257.CrossRef
Okamoto, H. (1985). Production possibilities and international trade with public intermediate good: A generalization. The Economic Studies Quarterly, 36(1), 35–45.
Tawada, M. (1980). The production possibility set with public intermediate goods. Econometrica, 48(4), 1005–1012.CrossRef
Tawada, M., & Abe, K. (1984). Production possibilities and international trade with a public intermediate good. Canadian Journal of Economics, 17(2), 232–248.CrossRef
Tawada, M., Suga, N, & Yanase, A. (2021). Government, trade, and comparative advantage, revisited. Canadian Journal of Economics. Forthcoming.
Metadata
Title
Properties of the Production Possibility Frontier of Generalized Ricardian Economy with a Pure Public Intermediate Good
Author
Makoto Tawada
Copyright Year
2022
Publisher
Springer Nature Singapore
Book
International Trade, Economic Development, and the Vietnamese Economy

Print ISBN: 978-981-19-0514-8

Electronic ISBN: 978-981-19-0515-5

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-981-19-0515-5_4