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SCOPUS 학술저널

The Welfare Effect of Changes in Factor Intensities

The Welfare Effect of Changes in Factor Intensities

This paper attempts to show the welfare effect of changes in factor intensities. The standard two output-two input trade model is used. The welfare of a country could increase, decrease or remain constant after a change in the factor intensities of an industry. The outcome depends on the factor prices which prevail in the country when the change in factor intensities takes place.

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