Showing 1 - 10 of 116
tried to resuscitate HOV by introducing a simple Hicks-neutral (HN) factor-productivity adjustment. In this paper, we re-examine this question by estimating factor-specific productivities from the individual technology data of multiple developed and developing countries. We find evidence of...
Persistent link: https://www.econbiz.de/10005000419
Past empirical failures of the basic Heckscher-Ohlin-Vanek (HOV) model related to the inability of data to meet its restrictive assumptions, particularly identical international technologies and factor price equalization. Trefler (1993) tried to resuscitate HOV by introducing a simple...
Persistent link: https://www.econbiz.de/10005406445
This paper examines the e¤ects of trade frictions, including tari¤s and a variety of factors that raise trade costs, on export market access at the product level and, in particular, the role these frictions have on the ability of developing countries to access world markets. We …nd...
Persistent link: https://www.econbiz.de/10010878546
The growth of Chinese exports in market share over the past two decades is a singular event in the history of world trade. Using data from 1995–2010, we document this growth in a variety of ways. We show that the expanded trade is pervasive. Virtually every country in the world has seen China...
Persistent link: https://www.econbiz.de/10010843772
This paper examines the accumulation of physical capital versus knowledge (R&D) capital as a determinant of advanced countries’ comparative advantage. I show that advanced countries are abundant in R&D resources, specialize in knowledge-intensive stages of high-technology industries, and...
Persistent link: https://www.econbiz.de/10010869525
The recent literature on the Heckscher-Ohlin-Vanek (HOV) model has concentrated on the production side, particularly the unrealistic assumptions of identical techniques and factor price equalization. However, less is known about the demand side. In this paper, we study the assumption of...
Persistent link: https://www.econbiz.de/10008509475
The Heckscher-Ohlin-Vanek (HOV) model allows us to analyze whether countries specialize in particular subsets of industries as they accumulate production factors. Davis and Weinstein (2001) provided evidence that global data supports the HOV model when production techniques are modified to...
Persistent link: https://www.econbiz.de/10008509477
Understanding international differences in the emissions intensity of trade and production is essential to understanding the effects of greenhouse gas limitation policies. We develop data on emissions from 48 industrial sectors in 32 countries and estimate the CO2 emissions intensity of...
Persistent link: https://www.econbiz.de/10008509483
This paper examines the determinants of convergence in the marginal product of capital. We develop an empirical model from Solow’s growth model and augment it to include global factors of financial flows and capital embodied in commodity trade. Using data from 52 countries during the period...
Persistent link: https://www.econbiz.de/10010793606
Understanding international differences in the emissions intensity of trade and production is essential to understanding the effects of greenhouse gas limitation policies. We develop data on emissions from 41 industrial sectors in 39 countries and estimate the CO2 emissions intensity of...
Persistent link: https://www.econbiz.de/10010793607