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Theoretical Underpinnings of ‘Land Abundance, Openness, and Industrialization’ How Openness Affects Output Elasticities in a 2 × 2 HOS Model with Product Differentiation – ERRATUM

Published online by Cambridge University Press:  22 November 2023

Alasdair Smith  and
Adrian Wood
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Abstract

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Type
Erratum
Information
World Trade Review , Volume 22 , Issue 5 , December 2023 , pp. 718 - 719
Creative Commons
Creative Common License - CCCreative Common License - BY
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution and reproduction, provided the original article is properly cited.
Copyright
Copyright © The Author(s), 2023. Published by Cambridge University Press on behalf of The World Trade Organization

The journal would like to apologise for the inclusion of errors as detailed below:-

Page 327 Line 14 Equation 42 ‘…pk…’ should read ‘…pkj…’

Page 327 Line 21 ‘…price indices in the foreign market…’ should read ‘…price indices in foreign markets…’

Page 327 Line 26 ‘…so even…’ should read ‘…Even…’

Page 329 Line 28 ‘…relationship in (53) applies…’ should read ‘…relationship in (54) applies …’

Page 329 Line 34 ‘…is replaced by (53)…’ should read ‘…is replaced by (54)…’

Page 331 Delete Lines 3 to 6.

Page 331 Lines 7 - 9 ‘…The economy-wide relative demand elasticity is then also, as before, an average of the market-specific elasticities weighted by the measure ssH of the average across the two sectors of home-firm home-market orientation.…’ should read ‘…To simplify the exposition, and without affecting the conclusions below about the effects of changes in trade policy, we assume that the shares of home-firm supply sold in the home market are the same in both sectors (ssHM = ssHA = ssH). The economy-wide relative demand elasticity is then, as in (54), an average of the market-specific elasticities, while the trade policy effects are weighted by the common measure ssH of home-firm home-market orientation:…’

Page 331 Delete Line 10.

Page 333 Line 23 ‘…elasticities can then be weighted by the sizes of home…’ should read ‘…elasticities can then be combined across home…’

The article has been corrected online.

References

Smith, A. and Wood, A. (2023), ‘Theoretical Underpinnings of ‘Land Abundance, Openness, and Industrialization’ How Openness Affects Output Elasticities in a 2 × 2 HOS Model with Product Differentiation’ - ERRATUM. World Trade Review 22 (3-4), 323-333. doi:10.1017/S1474745623000149CrossRefGoogle Scholar