![Technology, endowments, and the factor content of bilateral trade [An article from: Journal of International Economics]](https://www.ebooknetworking.net/books/B00/0PD/bigB000PDYOK4.jpg)
Technology, endowments, and the factor content of bilateral trade [An article from: Journal of International Economics]
Price not available for France
You can still browse on Amazon. Try another country above.
Book Details
Author(s)
H. Lai, S.C. Zhu
Publisher
Elsevier
ISBN / ASIN
B000PDYOK4
ISBN-13
978B000PDYOK2
Marketplace
France 🇫🇷
Description
This digital document is a journal article from Journal of International Economics, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
We derive testable restrictions relating the factor content of bilateral trade to bilateral differences in technology and endowments. This departs from the Heckscher-Ohlin-Vanek theorem which compares the factor content of net trade with factor abundance. We test the theoretical restrictions using a unique dataset that covers 41 developed and developing countries with disparate endowments and technology. We find evidence supporting the predictions. In addition: (1) The factor content predictions perform best for country pairs with larger endowment differences, and (2) for trade between capital-abundant countries, Ricardian international technology differences matter more than Heckscher-Ohlin factor endowment differences.
Description:
We derive testable restrictions relating the factor content of bilateral trade to bilateral differences in technology and endowments. This departs from the Heckscher-Ohlin-Vanek theorem which compares the factor content of net trade with factor abundance. We test the theoretical restrictions using a unique dataset that covers 41 developed and developing countries with disparate endowments and technology. We find evidence supporting the predictions. In addition: (1) The factor content predictions perform best for country pairs with larger endowment differences, and (2) for trade between capital-abundant countries, Ricardian international technology differences matter more than Heckscher-Ohlin factor endowment differences.
