can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher …

call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …

. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition … and with the technology level. This paper contributes by bringing together these two views, both theoretically and … empirically. We show that both the degree of openness and the technology level mediate the impact of exchange rate movements on …

tradition, cultural values, social capital factors that go beyond the standard explanation of economic theory ﾖ provide a more …