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Income Distribution and Trade Pattern
, Marjit S., Oladi R.
Published in Walter de Gruyter GmbH
Volume: 71
Issue: 1
Pages: 1 - 14
Motivated by recent insights from behavioral economics and social psychology, we present a theory of trade that seeks to explain inter-industry trade between countries that are similar in their production sides, but differ in their income distribution. By assuming status-dependent preferences that are non-homothetic, we show that income inequality differential can be a basis for inter-industry trade between otherwise similar economies. © 2020 Oldenbourg Wissenschaftsverlag GmbH, Published by De Gruyter Oldenbourg, Berlin/Boston 2020.
About the journal
JournalData powered by TypesetReview of Economics
PublisherData powered by TypesetWalter de Gruyter GmbH
Open AccessNo