We introduce non-tradable goods to the Heckscher-Ohlin-Samuelson (HOS) model to study the distributive effects of terms of trade shocks. We show that the employment of resources in activities ...

This is a preview. Log in through your library . Abstract I use the historical episode of near-elimination of commuting from the West Bank into Israel to test three key predictions of the ...

Rodrigo Zeidan does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper develops a theory of international trade in which financial development and factor endowments jointly determine ...