International trade and technical change

  • Posner M
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Abstract

THE purpose of this paper is to present an explanation of trade in manu- factured goods between advanced countries which share very similar general economic conditions. The paper suggests that trade may be caused by technical changes and developments that influence some indus- tries and not others; because particular technical changes originate in one country, 'comparative cost differences' may induce trade in particular goods during the lapse of time taken for the rest of the world to imitate one country's innovation. It is claimed that for various theoretical reasons such a model may be better suited to explain substantial parts of world trade than some alternative models, but the main aim is to add to rather than replace the range of explanations available. The discussion is purely theoretical, in that none but the most casual attempts have so far been made to provide empirical verification for the assumptions of the model

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Authors

  • Mv Posner

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