International trade, factor mobility and the persistence of cultural-institutional diversity
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of endogen...
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Format: | UnknownFormat |
Sprache: | eng |
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Munich
Univ., Center for Economic Studies
2009
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Schriftenreihe: | CESifo working paper series Trade Policy
2762 |
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