(a) How was the Ricardian trade model tested empirically? (b) In what way can the results be...

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(a) How was the Ricardian trade model tested empirically?
(b) In what way can the results be said to confirm the Ricardian model?
(c) Why do we then need other trade models?

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International Economics

ISBN: 978-1119915737

11th edition

Authors: Dominick Salvatore

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Question Posted: Dec 09, 2015 02:45 AM

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(a) How was the Ricardian trade model tested empirically? (b) In what way can the results be...

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a The Ricardian model was tested empirically by showing the positive correlation between ...View the full answer

International Economics

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