I propose a framework that takes a set of conceivable outcomes as the primitive and a prediction is defined by identifying a subset on the set of conceivable outcomes. This notion of predictability serves as an organizing principle for characterizing pattern of trade predictions in single...

I assess the empirical evidence on comparative advantage. I argue that the Heckscher-Ohlin-Vanek (H-O-V) relationship is not a refutable general equilibrium proposition. Consequently, the empirical Heckscher-Ohlin literature has been suffering from the tyranny of nonrefutability. The trade...

During the last decade, international trade has witnessed a dramatic transition from a field dominated by theory to one dominated by empirics linked to theory. In this volume, Professor Bernhofen has selected an impressive range of critical papers by leading academics which have contributed...