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new insights about the joint effects of technology and factor endowments on international specialization …Comparative advantage, whether driven by technology or factor endowment, is at the core of neoclassical trade theory … factor supply to predict patterns of international specialization in a multi-factor generalization of the Ricardian model to …
Persistent link: https://www.econbiz.de/10012757999
insights about the joint effects of technology and factor endowments on international specialization …Comparative advantage, whether driven by technology or factor endowment, is at the core of neoclassical trade theory … factor supply to predict patterns of international specialization in a multi-factor generalization of the Ricardian model to …
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Recent research has documented a U-shaped industrial concentration curve over an economy's development path. How far can neoclassical trade theory take us in explaining this pattern? We estimate the production side of the Heckscher-Ohlin model using industry data on 44 developed and developing...
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I propose a framework that takes a set of conceivable outcomes as the primitive and a prediction is defined by identifying a subset on the set of conceivable outcomes. This notion of predictability serves as an organizing principle for characterizing pattern of trade predictions in single...
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