Narrow search
Showing 1 - 10 of 6,905
Cover Image
Demographics in Dynamic Heckscher-Ohlin Models : Overlapping Generations Versus Infinitely Lived Consumers
Bajona, Claustre - 2006
This paper contrasts the properties of dynamic Heckscher-Ohlin models with overlapping generations with those of models with infinitely lived consumers. In both environments, if capital is mobile across countries, factor price equalization occurs after the initial period. In general, however,...
Persistent link: https://www.econbiz.de/10012466096
Cover Image
Do Multinational Firms Adapt Factor Proportions To Relative Factor Prices?
Lipsey, Robert E. - 1978
It has been alleged that multinational firms fail to adapt their methods of production to take advantage of the abundance and low price of labor in less developed countries and therefore contribute to the unemployment problems of these countries. This paper asks two questions: do multi-national...
Persistent link: https://www.econbiz.de/10012478857
Cover Image
Trade-in-goods and trade-in-tasks : An Integrating Framework
Baldwin, Richard - 2010
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade …
Persistent link: https://www.econbiz.de/10012462768
Cover Image
Trade and Capital Flows : A Financial Frictions Perspective
Antràs, Pol - 2007
The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the...
Persistent link: https://www.econbiz.de/10012465412
Cover Image
The Factor Content of Trade
Davis, Donald R. - 2001
Study of the factor content of trade has become a laboratory to test our ideas about how the key elements of endowments, production, absorption and trade fit together within a general equilibrium framework. Already a great deal of progress has been made in fitting these pieces together....
Persistent link: https://www.econbiz.de/10012470079
Cover Image
What Role for Empirics in International Trade?
Davis, Donald R. - 2001
pure theory. At one time, this might have been rationalized by the paucity of empirics in the field or its weak theoretical …
Persistent link: https://www.econbiz.de/10012470175
Cover Image
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 scholars like Andre Gunder Frank who attach globalization 'big bang' significance to the dates 1492 (Christopher Colombus stumbles on the Americas in search of spices) and 1498 (Vasco...
Persistent link: https://www.econbiz.de/10012471370
Cover Image
US Trade and Wages : The Misleading Implications of Conventional Trade Theory
Edwards, Lawrence - 2010
Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that … expanded trade between developed and developing countries will increase wage inequality in the developed countries. This theory … conventional theory to the assumption of incomplete specialization and find evidence that is not consistent with it. Since 1987 …
Persistent link: https://www.econbiz.de/10012462550
Cover Image
Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model
Bajona, Claustre - 2006
This paper studies the properties of a dynamic Heckscher-Ohlin model - a combination of a static two-good, two-factor Heckscher-Ohlin trade model and a two-sector growth model - with infinitely lived consumers where international borrowing and lending are not permitted. We obtain two main...
Persistent link: https://www.econbiz.de/10012466095
Cover Image
Inferring Relative Factor Price Changes from Quantitative Data
Baldwin, Robert E. - 1999
This paper considers the appropriateness of using such quantitative measures as changes in the factor content of trade and the behavior of factor proportions within versus among industries to draw inferences about changes in relative factor prices. The conclusion reached is that only under...
Persistent link: https://www.econbiz.de/10012471781