Comparative Advantage in International Trade : Theory and Evidence /
The book addresses the empirical validity of the factor proportions theory based on a new, extensive data basis. Departing from Heckscher-Ohlin theory, it extends existing models by allowing factor productivities and factor prices to differ across countries. It reformulates ranking proportions deriv...
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| Format: | eBook |
| Language: | English |
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Heidelberg :
Physica-Verlag HD,
1999.
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| Series: | Studies in empirical economics.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | The book addresses the empirical validity of the factor proportions theory based on a new, extensive data basis. Departing from Heckscher-Ohlin theory, it extends existing models by allowing factor productivities and factor prices to differ across countries. It reformulates ranking proportions derived from the Heckscher-Ohlin-Vanek equations. Based on these models, it empirically investigates in a cross-industry framework the patterns of international trade for a big sample of countries. The results support the value version of the HOV-model, especially in the case of developing countries. Moreover, the HOV model with perfect competition cannot be rejected in favour of a model allowing for scale economies and product differentiation. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (viii, 164 pages) |
| ISBN: | 9783642502125 (electronic bk.) 3642502121 (electronic bk.) |