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Paths of Development for Early- and Late-Bloomers in a Dynamic Heckscher-Ohlin Model

Atkeson, Andrew - 2008

We show that in a dynamic Heckscher-Ohlin model the timing of a country's development relative to the rest of the world affects the path of the country's development. A country that begins the development process later than most of the rest of the world-a late-bloomer-ends up with a permanently...

Persistent link: https://www.econbiz.de/10012770684

Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model

Bajona, Claustre - 2008

This paper studies the properties of a dynamic Heckscher-Ohlin model-a combination of a static two-good, two-factor Heckscher-Ohlin trade model and a two-sector growth model-with infinitely lived consumers where international borrowing and lending are not permitted. We obtain two main results:...

Persistent link: https://www.econbiz.de/10012770846

Demographics in Dynamic Heckscher-Ohlin Models : Overlapping Generations versus Infinitely Lived Consumers

Bajona, Claustre - 2008

This paper contrasts the properties of dynamic Heckscher-Ohlin models with overlapping generations with those of models with infinitely lived consumers. In both environments, if capital is mobile across countries, factor price equalization occurs after the initial period. In general, however,...

Persistent link: https://www.econbiz.de/10012770848

Regional Enterprise in Preference Areas

Arndt, Sven W. - 2008

This paper focuses on the possible effects of eastern enlargement not only on trade between the entrants and current members, but on the location of production in the enlarged union. The key notion is that of cross-border production sharing, also known as cross-border fragmentation of...

Persistent link: https://www.econbiz.de/10012774195

The comparative advantage of Dutch cities

Brakman, Steven; Hendrich, Tijl; Marrewijk, Charles van; … - 2020

The trade literature often treats countries as dimensionless points, which is a strong assumption. Agglomeration or lumpiness of production factors within countries can affect the national pattern of trade. In this paper we analyze comparative advantage patterns for 22 cities and 4 regions for...

Persistent link: https://www.econbiz.de/10012305848

Competing gains from trade

Struck, Clemens; Velic, Adnan - 2019

Persistent link: https://www.econbiz.de/10012021581

An Empirical Test of the Heckscher-Ohlin Model in OECD Countries : A Data Envelopment Analysis Approach

Mumit, Abdul - 2020

In empirically validating the Heckscher-Ohlin (H-O) model of trade, the preponderant majority of the literature has concentrated on the net factor content of trade. Contrastingly, by utilizing an industrial-level data set of nine OECD countries, this paper applies data envelopment analysis...

Persistent link: https://www.econbiz.de/10012837342

Autarkic Indeterminacy and Trade Determinacy

Sim, Nicholas - 2007

We extend the model of Nishimura and Shimomura (2002) to consider a two-country framework where under autarky indeterminacy arises in one country but determinacy in the other, and show that indeterminacy could be eliminated when trade takes place between the two

Persistent link: https://www.econbiz.de/10012729757

Ricardian-Heckscher-Ohlin Comparative Advantage : Theory and Evidence

Morrow, Peter - 2013

factor abundance and relative productivity differences across industries. It derives conditions under which ignoring one … abundance- and relative productivity-based models each possess explanatory power when nesting the other as an alternate … hypothesis. Second, productivity differences across industries do not bias tests of the HO model in my sample. However, I find …

Persistent link: https://www.econbiz.de/10013079913

US Trade and Wages : The Misleading Implications of Conventional Trade Theory

Lawrence, Robert Z. - 2013

Conventional trade theory, which combines the Heckscher-Ohlin theory and the Stolper-Samuelson theorem, implies that expanded trade between developed and developing countries will increase wage equality in the former. This theory is widely applied. It serves as the basis for estimating the...

Persistent link: https://www.econbiz.de/10013094649