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International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 1 Figure 5.1 Harry Johnson (1923–1977)

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Presentation on theme: "International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 1 Figure 5.1 Harry Johnson (1923–1977)"— Presentation transcript:

1 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 1 Figure 5.1 Harry Johnson (1923–1977)

2 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 2 Figure 5.2 Unit value isocost line; effect of an increase in rental rate r

3 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 3 Figure 5.3 Unit value isoquants: effect of an increase in the price of manufactures

4 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 4 Figure 5.4 The Lerner diagram

5 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 5 Figure 5.5 Final goods prices as a function of the wage rate, r = 1, α m = 0.7, α f = 0.3

6 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 6 Figure 5.6 Impact of changing the price of manufactures, p f = 1, α m = 0.7, α f = 0.3

7 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 7 Figure 5.7 Analysis of an increase in the price of manufactures

8 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 8 Figure 5.8 Stolper–Samuelson in the dual approach, α m = 0.6, α f = 0.3

9 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 9 Figure 5.9 Natural-resource intensive manufacturing exports, share 1998

10 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 10 Figure 5.10 Smaller wage increases for blue-collar workers in USA

11 International Economics: Theory, Application, and Policy, Ch. 5;  Charles van Marrewijk, 2006 11 Figure 5.11 Rising unemployment in France


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