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We analyze whether globalization affects the composition of public expenditures for education by integrating arguments from the Heckscher-Ohlin and the tax competition literature into a common theoretical framework. The model suggests that with increasing global integration, developing countries...
Persistent link: https://www.econbiz.de/10013148296
How does factor accumulation affect the pattern of international specialization and returns to capital? We provide a new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976-2000. We confirm the Heckscher-Ohlin prediction that, with...
Persistent link: https://www.econbiz.de/10013148352
If negotiations on trade in services at the World Trade Organization are to advance liberalization beyond levels … trade in services at the World Trade Organization (WTO) have so far produced little liberalization beyond levels countries …
Persistent link: https://www.econbiz.de/10012748874
Persistent link: https://www.econbiz.de/10010128866
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/10013316557
This paper examines the extent to which the process of globalization can explain the observed widening in the cross--country distribution of output--per--worker. In particular examine whether the opening up of trade in a Hecksher--Ohlin type model of trade can explain the observed changes. On...
Persistent link: https://www.econbiz.de/10012468128
Do scale economies contribute to our understanding of international trade? Do international trade flows encode information about the extent of scale economies? To answer these questions we examine the large class of general equilibrium theories that imply Helpman-Krugman variants of the Vanek...
Persistent link: https://www.econbiz.de/10012470795
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 …Kei-Mu Yi (2003), 'Can Vertical Specialization Explain the Growth of World Trade?', Journal of Political Economy, 111 …
Persistent link: https://www.econbiz.de/10011852289
In this chapter we discuss the role of natural resources and endowment structures on structural change. Departing from theories of trade that stress specialization according to one's comparative advantages as the key route to development, we articulate an alternative point of view on the role of...
Persistent link: https://www.econbiz.de/10012215151
We develop a stochastic model of electoral competition in order to study the economic and political determinants of trade policy. We model a small open economy with two tradable goods, each of which is produced using a sector specific factor (e.g., land and capital) and another factor that is...
Persistent link: https://www.econbiz.de/10014199348