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- Title
Trade in producer services and returns due to specialization under monopolistic competition.
- Authors
Francois, Joseph F.
- Abstract
This paper demonstrates that liberalizing trade in services, while yielding efficiency gains associated with comparative advantage, may yield additional gains for both importing and exporting countries because of an increased division of labour. A model is developed in which producer services co-ordinate and control the specialized members of complex production processes. The model is used to analyse trade in services and its effect on the division of labour and the realization of returns from specialization. This differs from the recent literature on traded services and specialization because of the explicit role introduced for services in the specialization process.
- Subjects
BUSINESS; MONOPOLISTIC competition; RATE of return
- Publication
Canadian Journal of Economics, 1990, Vol 23, Issue 1, p109
- ISSN
0008-4085
- Publication type
Article
- DOI
10.2307/135522