Showing 11 - 20 of 150
The recent literature on the Heckscher-Ohlin-Vanek (HOV) model has concentrated on the production side, particularly the unrealistic assumptions of identical techniques and factor price equalization. However, less is known about the demand side. In this paper, we study the assumption of...
Persistent link: https://www.econbiz.de/10008509475
The Heckscher-Ohlin-Vanek (HOV) model allows us to analyze whether countries specialize in particular subsets of industries as they accumulate production factors. Davis and Weinstein (2001) provided evidence that global data supports the HOV model when production techniques are modified to...
Persistent link: https://www.econbiz.de/10008509477
Understanding international differences in the emissions intensity of trade and production is essential to understanding the effects of greenhouse gas limitation policies. We develop data on emissions from 48 industrial sectors in 32 countries and estimate the CO2 emissions intensity of...
Persistent link: https://www.econbiz.de/10008509483
tried to resuscitate HOV by introducing a simple Hicks-neutral (HN) factor-productivity adjustment. In this paper, we re-examine this question by estimating factor-specific productivities from the individual technology data of multiple developed and developing countries. We find evidence of...
Persistent link: https://www.econbiz.de/10005000419
Past empirical failures of the basic Heckscher-Ohlin-Vanek (HOV) model related to the inability of data to meet its restrictive assumptions, particularly identical international technologies and factor price equalization. Trefler (1993) tried to resuscitate HOV by introducing a simple...
Persistent link: https://www.econbiz.de/10005406445
Persistent link: https://www.econbiz.de/10009381003
Persistent link: https://www.econbiz.de/10009381006
This paper examines how production techniques differ across countries, factors, and industries and considers its implications for previous empirical evidence on the Vanek prediction. I find that production techniques differ substantially across countries and factors, but differ much less across...
Persistent link: https://www.econbiz.de/10013075379
The growth of Chinese exports both in volume and in market share over the past two decades is a singular event in the history of world trade. Using data from 1995-2005, we document this growth in a variety of ways. First, we show that the expanded trade is pervasive. Virtually every country in...
Persistent link: https://www.econbiz.de/10013127543
During 1995-2007, China enacted reforms fostering competition including acceding to the World Trade Organization (WTO) and encouraging entry of non-state firms. While there is evidence that firms reduced markups, there is competing evidence that incumbent firms gained rents. We estimate the...
Persistent link: https://www.econbiz.de/10013296253