Abstract
This essay is concerned with certain relationships between the distribution of income, accumulation of capital and international trade. These relationships will be examined in the context of a two-country world, each economy being in long-run competitive equilibrium. Our method of analysis will be to consider paths of steady growth. This method will be used to examine certain relationships between distribution, growth and international trade which are independent of subjective elements, such as individuals’ expectations and preferences. Moreover, this analysis will allow a critical examination of the foundations of the Heckscher-Ohlin-Samuelson approach;1 foundations that are also at the basis of certain dynamic formulations of the neo-classical theory of international trade.
This is a revised version of the author’s article: ‘Distribuzione, Sviluppo e Commercio Internazionale’, Economia Internazionale, 1973. The author would like to thank P. Garegnani and I. Steedman who made helpful critical observations on an earlier draft of that article. However he accepts all responsibility for any possible errors that remain.
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© 1979 Ian Steedman
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Parrinello, S. (1979). Distribution, Growth and International Trade. In: Steedman, I. (eds) Fundamental Issues in Trade Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04378-1_14
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DOI: https://doi.org/10.1007/978-1-349-04378-1_14
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