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- Title
Goods, Services and Trade.
- Authors
Djajic, Slobodan; Kierzkowski, Henryk
- Abstract
This paper deals with some of the positive issues related to trade in services associated with the maintenance of durable goods. We show that if services are labor-intensive the type of durable demanded in relatively labor-abundant countries tends to require relatively more servicing per unit of time. We then consider two economies and examine the implications of allowing them to trade under two of a number of possible trade regimes. In one case, only commodities can be traded internationally; in the other, the firms exporting durable goods also service the units sold abroad. The volume and direction of trade are shown to be determined not only by the relative factor endowments of countries, but also by whether or not services are tradable.
- Subjects
DURABLE consumer goods; CONSUMER goods; EXPORT &; import trade of commercial products; MAINTENANCE; LABOR; ECONOMICS
- Publication
Economica, 1989, Vol 56, Issue 221, p83
- ISSN
0013-0427
- Publication type
Article
- DOI
10.2307/2554497