Chung, Chul; Deardorff, Alan V. - In: Journal of Developing Areas 41 (2008) 2, pp. 91-109
We examine the effects of trade liberalization on structural changes at the plant-level and industry-level. The traditional Heckscher-Ohlin (H-O) model predicts an increase in capital-labor ratios in a labor abundant country after trade liberalization. This is in marked contrast to the...