Gilroy, Bernard Michael (1991): Faktorgehalt und internationaler Handel.
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Abstract
The empirical relevance of the Heckscher-Ohlin "factor abundance" theorem of international trade has been the subject of many studies, beginning with the pioneering one of Leontief (1953). Accordingly, relative factor endowments should affect observed trade patterns. The principle purpose of this paper is to demonstrate recent theoretical advances applying the factor content of trade to analyze existing relationships between factor prices and factor content as a means of testing the theorem empirically. At the empirical level, however, it is found that the literature on this important subject still offers no generally accepted answer. This may not be as surprising as first glance suggests, given the rising importance of alternative determinants of trade flows other than factor abundancyl.
Item Type: | MPRA Paper |
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Original Title: | Faktorgehalt und internationaler Handel |
English Title: | Factor content and international trade |
Language: | German |
Keywords: | international trade; factor content; Heckscher-Ohlin theorem |
Subjects: | F - International Economics > F2 - International Factor Movements and International Business F - International Economics > F1 - Trade |
Item ID: | 21037 |
Depositing User: | Bernard Michael Gilroy |
Date Deposited: | 01 Mar 2010 12:16 |
Last Modified: | 29 Sep 2019 03:30 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/21037 |