Construct · 1 fields · 1 citations

specific factors model: a standalone construct

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specificfactors model1 CONSTRUCTSpecific factors modelMUSSA · INTERNATIONAL

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International economics

a trade model in which some factors are tied to particular sectors in the short run, so tariffs and price changes shift income toward or away from those factors.

In international economics, specific factors model refers to a trade model in which some factors are tied to particular sectors in the short run, so tariffs and price changes shift income toward or away from those factors. This meaning comes from Mussa (1974) in Journal of Political Economy.[1]

Unit
Recovery means
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Nearby constructs

model3 fields · 3 citationsjingle · one word, three constructsshift4 fields · 7 citationsjingle · one word, four constructsshort3 fields · 4 citationsjingle · one word, three constructs

References

  1. Mussa, M. (1974). Tariffs and the Distribution of Income: The Importance of Factor Specificity, Substitutability, and Intensity in the Short and Long Run. Journal of Political Economy, 82(6), 1191-1203. https://doi.org/10.1086/260271

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