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Theories of international trade assume that all countries use similar and exogenous technologies in the production of any good. This paper relaxes this assumption. The marriage of literatures on biased technical change and trade yields a tractable theory, which predicts that differences in...
Persistent link: https://www.econbiz.de/10012551968
Energy security and international competitiveness are two of the most fiercely discussed topics - especially in the light of the European Union (EU)'s dependence on Russia's gas, oil, and coal. Both mentioned concepts are of special importance for the so-called EU new member states (EU NMS),...
Persistent link: https://www.econbiz.de/10014444698
Purpose Research based on Bangladesh-US trade data examines the Heckscher-Ohlin model and the Rybczynski hypothesis in this study. Design/methodology/approach Ordinary least square (OLS) techniques are used in this study, which relies on data from the NBER International Trade and Geography Data...
Persistent link: https://www.econbiz.de/10013470634
The paper retrospectively analyses the issue of the impact of international trade on developed countries' labour markets in the 1990s, when the majority of academic opinion denied the role of trade in the misfortunes of unskilled workers. An analytical framework is proposed in which...
Persistent link: https://www.econbiz.de/10012485101
The factor proportions model, also known as the Heckscher-Ohlin model, is the main neoclassical model of international trade theory. It was developed by Swedish economists Eli Heckscher and Bertil Ohlin in 1920s and 1930s. According to the factor proportions model a country should specialize in...
Persistent link: https://www.econbiz.de/10014477107
Studies on the effect of Information and Communication Technology (ICT) on the export of the manufacturing industry, as … disaggregated into the low-, medium-, and high-technology intensity, were lacking. However, the trade impact of ICT is mixed and … relies on countries' development and adoption of technology. To this end, this study explicitly contributes to this strand of …
Persistent link: https://www.econbiz.de/10015050051
This study replicates Ahn, Khandelwal, and Wei’s (2011) model of intermediary trade. The study produces two main results. First, the authors are able to reproduce empirical evidence for AKW’s three main predictions for Chinese exports. This is impressive because much of the data for their...
Persistent link: https://www.econbiz.de/10012231547
Financial liberalization may have a positive effect on growth not only through the increase in the quantity of the available funds, but also through a more efficient allocation of resources across firms and sectors. Despite this intuitive appeal, there is little empirical evidence on the...
Persistent link: https://www.econbiz.de/10012551165
The authors propose a theory of task trade between countries that have similar relative factor endowments and technological capabilities but may differ in size. Firms produce differentiated goods by performing a continuum of tasks, each of which generates local spillovers. Tasks can be performed...
Persistent link: https://www.econbiz.de/10012551314
are competed off from the ladder's top, and new countries enter markets. Technology appears to be a potential basis for … technology. This research is timely with deadlocked multilateral trade negotiations and looming trade wars. It attempts to …
Persistent link: https://www.econbiz.de/10012628556