This paper introduces the concepts of direct and indirect factor trade utility functions and uses them to derive Marshallian and Hicksian factor content functions, which express the quantities of factors of production embodied in net imports as functions of the exogenous variables facing the...

O Rio Grande do Norte tem sido apontado desde a década de 1990 em vários estudos como um dos principais produtores e exportadores brasileiros de frutas frescas, no entanto, existe uma carência de estudos capazes de responder a questionamentos como: qual o desempenho competitivo do Rio Grande...

The objective of this study was to determine the economic impact on the United States of removing tariff barriers on imports of concentrated orange juice and tomato paste from South America. The study highlighted an agglomeration model of industry location recognizing imperfect competition and...

Financial development has been argued as a potential source of comparative advantage and its relationships with trade has been theoretically developed. This theory posits that countries that are well financially developed should experience greater volumes of international trade. We empirically...

This paper analyzes the variance in accounting profitability within the European food industry. Based on a large panel data set, the variance in return on assets (ROA) is decomposed into year, country, industry, and firm effects. Further on, we include all possible interactions between year,...

Over the last two decades the structure of the Chinese economy has transformed rapidly. The transformation has had a significant impact on other economies, particularly as Chinese exports maintain their global ascendance. The economic threats and opportunities posed by China will continue to...

The paper presents a model of the agro-food system in a transition economy, which shows howthe move from a planned to a market economy affects the production and consumption of goodsand economic welfare. The model is then used to identify two complementary approaches formeasuring the success of...

Mining is widely viewed as an old industry with mature and stable technologies. Companies and countries with the best deposits are the most productive and efficient producers. As these deposits are depleted, mining shifts to countries with the next best deposits. This tendency to exploit poorer...

The present study examines factor contentin the CEE transition country agricultural trade.However, deviating from the traditional approach, wedo not test the HOV prediction. Instead, we examine thetheoretical predictions that relate the factor content ofinternational trade to cross-country...

This paper identifies an internal inconsistency in the Heckscher-Ohlin (H-O) models of international exchange. The inconsistency stems from assuming homogeneity of inputs within a population. This assumption annihilates individual comparative advantage, benefits from exchange and, consequently,...