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The Heckscher-Ohlin Model Between 1400 and 2000 : When It Explained Factor Price Convergence, When It Did Not, and Why

O'Rourke, Kevin H. - 1999

There are two contrasting views of pre-19th century trade and globalization. First, there are the world history … were the two most important events in recorded history. Second, there is the view that the world economy was fragmented and … global economy that world historians assign to them, while there is plenty of evidence of a very big bang in the 19th century …

Persistent link: https://www.econbiz.de/10012471370

Globalization, Returns to Accumulationa and the World Distribution of Output

Beaudry, Paul - 2004

This paper examines the extent to which the process of globalization can explain the observed widening in the cross--country distribution of output--per--worker. In particular examine whether the opening up of trade in a Hecksher--Ohlin type model of trade can explain the observed changes. On...

Persistent link: https://www.econbiz.de/10012468128

Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization

O'Rourke, Kevin - 2003

The aim of the paper is to see whether individuals' attitudes towards globalization are consistent with the predictions of Heckscher-Ohlin theory. The theory predicts that the impact of being skilled or unskilled on attitudes towards trade and immigration should depend on a country's skill...

Persistent link: https://www.econbiz.de/10012468825

One Size Fits All? Heckscher-Ohlin Specialization in Global Production

Schott, Peter K. - 2001

Many previous tests of Heckscher-Ohlin trade theory have found underwhelming support for the idea that countries' endowments determine their production and trade. This paper demonstrates that those efforts suffer from their focus on the narrower of the model's two potential equilibria, which...

Persistent link: https://www.econbiz.de/10012470480

Increasing Returns and All That : A View From Trade

Antweiler, Werner - 2000

Do scale economies contribute to our understanding of international trade? Do international trade flows encode information about the extent of scale economies? To answer these questions we examine the large class of general equilibrium theories that imply Helpman-Krugman variants of the Vanek...

Persistent link: https://www.econbiz.de/10012470795

Factor Supplies and Specialization in the World Economy

Harrigan, James - 2000

A core prediction of the Heckscher-Ohlin theory is that countries specialize in goods in which they have a comparative advantage, and that the source of comparative advantage is differences in relative factor supplies. To examine this theory, we use the most extensive dataset available and...

Persistent link: https://www.econbiz.de/10012470895

The Dynamics of Comparative Advantage

Hanson, Gordon H. - 2015

This paper characterizes the dynamic empirical properties of country export capabilities in order to inform modelling of the long-run behavior of comparative advantage. The starting point for our analysis is two strong empirical regularities in international trade that have previously been...

Persistent link: https://www.econbiz.de/10012456918

Natural Openness and Good Government

Wei, Shang-Jin - 2000

This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption and bad governance drive out international trade and investment more than domestic trade and investment, a naturally more open economy' as determined by its size and geography...

Persistent link: https://www.econbiz.de/10012470985

Liquidity Crises in Emerging Markets : Theory and Policy

Chang, Roberto - 1999

We build a model of financial sector illiquidity in an open economy. Illiquidity defined as a situation in which a country's consolidated financial system has potential short-term obligations in foreign currency that exceed the amount of foreign currency it can have access to on short notice can...

Persistent link: https://www.econbiz.de/10012471518

Liquidity Traps, Prudential Policies, and International Spillovers

Bianchi, Javier; Coulibaly, Louphou - National Bureau of Economic Research - 2022

This paper studies the transmission channels of monetary and macroprudential policies in an open economy framework and evaluates the normative implications for international spillovers and global welfare. An analytical decomposition uncovers the prominent role of expenditure switching for...

Persistent link: https://www.econbiz.de/10013210066

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