Comparative Advantage in International Trade : Theory and Evidence
Series
Studies in Empirical Economics
ISBN
3790811564
Type
book
Date Issued
1998
Author(s)
Abstract
The book addresses the empirical validity of the factor proportions theory based on a new, extensive data basis. Departing from Heckscher-Ohlin theory, it extends existing models by allowing factor productivities and factor prices to differ across countries. It reformulates ranking proportions derived from the Heckscher-Ohlin-Vanek equations. Based on these models, it empirically investigates in a cross-industry framework the patterns of international trade for a big sample of countries. The results support the value version of the HOV-model, especially in the case of developing countries. Moreover, the HOV model with perfect competition cannot be rejected in favour of a model allowing for scale economies and product differentiation.
Language
English
Keywords
international trade
comparative advantage
HSG Classification
not classified
Refereed
Yes
Publisher
Physica-Verlag Heidelberg
Publisher place
Heidelberg
Start page
1
End page
164
Pages
164
Subject(s)
Eprints ID
55513