Showing 1 - 10 of 9,287
This paper examines the extent to which the process of globalization can explain the observed widening in the cross …
Persistent link: https://www.econbiz.de/10012468128
The core subjects of trade theory are the pattern and volume of trade: which goods are traded by which countries, and … emphasis on carefully connecting theory models to data analyses. The second part of the chapter first considers the theoretical …
Persistent link: https://www.econbiz.de/10012470040
Many previous tests of Heckscher-Ohlin trade theory have found underwhelming support for the idea that countries …
Persistent link: https://www.econbiz.de/10012470480
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 …
Persistent link: https://www.econbiz.de/10012470895
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
Classic trade questions are reconsidered by generalizing a factor-proportions model to multiple countries, multi-stage production, and country-specific trade costs. We derive patterns of production specialization and trade for a matrix of countries that differ in relative endowments (columns)...
Persistent link: https://www.econbiz.de/10012467636
The standard neoclassical model of trade theory predicts that international specialization will be jointly determined … by cross-country differences in relative factor endowments and relative technology levels. This paper uses duality theory …-neutral technology differences are measured using an application of the theory of total factor productivity comparisons, and factor …
Persistent link: https://www.econbiz.de/10012473116
A growing literature suggests that high-income countries export high-quality goods. Two hypotheses may explain such specialization, with different implications for welfare, inequality, and trade policy. Fajgelbaum, Grossman, and Helpman (2011) formalize the Linder hypothesis that home demand...
Persistent link: https://www.econbiz.de/10012455923
After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …
Persistent link: https://www.econbiz.de/10014576667
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