Showing 61 - 70 of 30,903
This paper calculates indicators of revealed comparative advantage (RCA) and revealed symmetric comparative advantage (RSCA) for 17 British manufacturing industries for the years 1880, 1890, and 1900. The resulting indicators show that the late-Victorian 'workshop of the world' was at a marked...
Persistent link: https://www.econbiz.de/10012669447
Even though differences in sectoral total factor productivity are at the heart of Ricardian trade theory and many models of growth and development, very little is known about their size and their form. In this paper we try to fill this gap by using a Hybrid-Ricardo-Heckscher-Ohlin trade model...
Persistent link: https://www.econbiz.de/10005789538
This Paper analyses patterns of production across 14 industries in 45 regions from seven European countries since 1975. We estimate a structural equation derived directly from neoclassical trade theory that relates an industry’s share of a region’s GDP to factor endowments, relative prices...
Persistent link: https://www.econbiz.de/10005792021
This paper examines the role of international trade in the reallocation of U.S. manufacturing activity within and across industries from 1977 to 1997. It introduces a new measure of industry exposure to international trade, motivated by the Heckscher-Ohlin model, which focuses on where imports...
Persistent link: https://www.econbiz.de/10005796125
We examine the properties of a two country dynamic Heckscher-Ohlin model that allows for preferences to be non-homothetic. We show that the model has a continuum of steady state equilibria under free trade, with the initial conditions determining which equilibrium will be attained. We establish...
Persistent link: https://www.econbiz.de/10008474977
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
Most existing evidences for indeterminacy are obtained from analyzing models that do not consider trade. This paper considers an extension of Nishimura and Shimomura (Journal of Economic Theory, 2002) Heckscher-Ohlin framework by removing sector-specific externalities in one country while...
Persistent link: https://www.econbiz.de/10005518264
This paper examines the role of international trade in the reallocation of U.S. manufacturing activity within and across industries from 1977 to 1997. It introduces a new measure of industry exposure to international trade, motivated by the Heckscher-Ohlin model, which focuses on where imports...
Persistent link: https://www.econbiz.de/10005037531
This paper estimates the Heckscher-Ohlin (HO) model of international specialization with a panel of 44 developing and developed countries between 1976 and 2000. As Schott (2003), our empirical model includes multiple cones and recasts industry-level data in theoretically appropriate HO...
Persistent link: https://www.econbiz.de/10005047791