Cuñat, Alejandro; Maffezzoli, Marco - In: Contributions to Macroeconomics 7 (2007) 1, pp. 1574-1574
Development accounting exercises based on an aggregate production function find technology is biased in favor of a country's abundant production factors. We provide an explanation for this finding based on the Heckscher-Ohlin model. Countries trade and specialize in the industries that use...