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Based on the sufficient statistics approach developed by Huang and Ottaviano (2024), we show how the state of technology of European industries relative to the rest of the world can be empirically assessed in a way that is simple in terms of computation, parsimonious in terms of data...
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Based on the sufficient statistics approach developed by Huang and Ottaviano (2024), we show how the state of technology of European industries relative to the rest of the world can be empirically assessed in a way that is simple in terms of computation, parsimonious in terms of data...
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During the last decade, international trade has witnessed a dramatic transition from a field dominated by theory to one … dominated by empirics linked to theory. In this volume, Professor Bernhofen has selected an impressive range of critical papers …, Edward E. Leamer and Leo Sveikauskas (1987), 'Multicountry, Multifactor Tests of the Factor Abundance Theory', American …
Persistent link: https://www.econbiz.de/10011852289
The paper introduces differences in production and transaction conditions between countries into a model of monopolistic competition. It applies inframarginal analysis to show that, as transaction conditions are improved, the general equilibrium may jump discontinuously across different patterns...
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