A synopsis of trade theories and their applications

Authored by: Stephen Devadoss , Jeff Luckstead

The Routledge Handbook of Agricultural Economics

Print publication date:  July  2018
Online publication date:  July  2018

Print ISBN: 9781138654235
eBook ISBN: 9781315623351
Adobe ISBN:


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This chapter covers four trade theories – the Ricardian theory of comparative advantage, the Heckscher–Ohlin theory, New Trade Theory, and Firm-Level Trade Theory – and each theory’s empirical applications in agricultural economics. In doing so, we survey pioneering articles in this area and discuss their implications for agricultural trade.

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