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The core subjects of trade theory are the pattern and volume of trade: which goods are traded by which countries, and how much of those goods are traded. The first part of this paper discusses evidence on comparative advantage, with an emphasis on carefully connecting theoretical models with...
Persistent link: https://www.econbiz.de/10010283473
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10010270460
Avec une croissance soutenue, une vague d'investissements directs étrangers sans précédent, et un net recul de la pauvreté, le bilan des quinze dernières années est largement positif pour l'Afrique sub-saharienne. Ce regain de croissance, qui s'est accompagné de réformes économiques...
Persistent link: https://www.econbiz.de/10014000770
This paper analyses some of the main factors behind the recent rapid growth in the Commonwealth of Independent States (CIS) and the prospects for its continuation. Two approaches are used. The first approach uses growth accounting exercises to estimate the total factor productivity (TFP) growth...
Persistent link: https://www.econbiz.de/10012100072
This paper empirically analyzes both economic and non-economic determinants of attitudes toward immigrants, within and across countries. The two individual-level survey data sets used, covering a wide range of developed and developing countries, make it possible to test for interactive effects...
Persistent link: https://www.econbiz.de/10010261871
of labor market institutions and government intervention. In particular, technology change is induced by rigid wage …
Persistent link: https://www.econbiz.de/10010262449
A core prediction of the Heckscher-Ohlin theory is that countries specialize in goods in which they have a comparative advantage, and that the source of comparative advantage is differences in relative factor supplies. To examine this theory, we use the most extensive data set available and...
Persistent link: https://www.econbiz.de/10010283490
: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local …, costly adoption and spillovers from the world technology frontier. Despite its parsimonious parametrization, our empirical … technology adoption would increase the output per worker of the average non-OECD country relative to the US from 0.19 to 0 …
Persistent link: https://www.econbiz.de/10010316866
This paper evaluates the global welfare impact of China's trade integration and technological change in a quantitative Ricardian-Heckscher-Ohlin model implemented on 75 countries. We simulate two alternative productivity growth scenarios: a balanced one in which China's productivity grows at the...
Persistent link: https://www.econbiz.de/10010352168
We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...
Persistent link: https://www.econbiz.de/10010271817