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Introduction: Celebrating 200 Years of Ricardian Trade Theory Read chapter Read first chapter

2017 | OriginalPaper | Chapter

15. The Relevance of Ricardian Trade Theory for the Political Economy of Trade Policy

Author : Wilfred J. Ethier

Published in: 200 Years of Ricardian Trade Theory

Publisher: Springer International Publishing

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Abstract

Ricardo’s contribution to trade theory is commonly identified with the single-factor model that bears his name. But Ricardo’s contribution to the theory of rent is also fundamental to the currently active literature on the political economy of trade policy. The multi-factor model often employed in this literature is thoroughly Ricardian.

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previous chapter Short Discussion About “Putting Ricardian Trade Theory to Work in 2017: Current Empirical Analyses”
next chapter What Next for Ricardo? Incorporating More Trade Distortions
Footnotes
1
Hillman (1982).
 
2
Grossman and Helpman (1994). Ethier (2012) provides an overview.
 
Literature
Ethier, W. J. (2012). The political-support approach to protection. Global Journal of Economics, 1(01), 1–14.CrossRef
Grossman, G. M., & Helpman, E. (1994). Protection for sale. American Economic Review, 84(4), 833–850.
Hillman, A. L. (1982). Declining industries and political-support protectionist motives. American Economic Review, 72(5), 1180–1190.
Metadata
Title
The Relevance of Ricardian Trade Theory for the Political Economy of Trade Policy
Author
Wilfred J. Ethier
Copyright Year
2017
Book
200 Years of Ricardian Trade Theory

Print ISBN: 978-3-319-60605-7

Electronic ISBN: 978-3-319-60606-4

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-60606-4_15