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We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...
Persistent link: https://www.econbiz.de/10010271817
We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply increased bilateral trade and foreign direct investment flows and also from enhanced cohesion of negotiating positions in international fora. Data presented show bilateral trade...
Persistent link: https://www.econbiz.de/10010274919
provision of schooling are typically lower in an open than in a closed economy. Moreover, we find that, under openness to trade …, a land-abundant and landowner-dominated economy supports openness to trade. Finally, we discuss empirical evidence which …
Persistent link: https://www.econbiz.de/10010261261