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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

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

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

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

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

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

The Rybczynski Theorem, Factor-Price Equalization, and Immigration : Evidence from U.S. States

Hanson, Gordon H. - 1999

generally, altered U.S. regional output mixes as predicted by the Rybczynski Theorem of Heckscher-Ohlin (HO) trade theory. This …

Persistent link: https://www.econbiz.de/10012471722

A Note on the Empirical Implementation of the Lens Condition

Bernard, Andrew B. - 2005

Deardorff [Journal of International Economics 36 (1994) 167-175] offers an intuitively appealing test for factor price equality (FPE). He demonstrates that FPE is impossible if the set (i.e., lens) of points defined by regional factor abundance vectors does not lie within the set of points...

Persistent link: https://www.econbiz.de/10012467231

Factor Price Equalization in the UK?

Bernard, Andrew B. - 2002

This paper develops a general test of factor price equalization that is robust to unobserved regional productivity differences, unobserved region-industry factor quality differences and variation in production technology across industries. We test relative factor price equalization across...

Persistent link: https://www.econbiz.de/10012469661

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