Japan-U.S.trade and Heckscher-Ohlin-Vanek theorem
نویسندگان
چکیده
منابع مشابه
The Hescher-Ohlin-Vanek Theorem without Factor Price Equalization
The Heckscher-Ohlin-Vanek Theorem has been used to predict the factor contents of trade under the ideal assumption that factor prices are equalized. Available empirical studies have shown that the measured contents of factor trade significantly differ from the predicted factor contents of trade. This paper employs a more general definition of factor abundance in the presence of factor price dis...
متن کاملHeckscher–ohlin Trade Theory
Eli Heckscher (1919) and Bertil Ohlin (1933) laid the groundwork for substantial developments in the theory of international trade by focusing on the relationships between the composition of countries’ factor endowments and commodity trade patterns as well as the consequences of free trade for the functional distribution of income within countries. From the outset general equilibrium forms of a...
متن کاملEconomic Competitiveness and Environmental Policy: An Application of the Heckscher-Ohlin-Vanek (HOV) Model
The relationship between trade liberalisation and the environment has been the subject of a growing body of literature in recent years. As can be seen from the differing assessment of instrument types for environmental protection, one of the important factors for the relationship between environmental protection and economic competitiveness are regulatory stringency and efficiency. This concern...
متن کاملHeckscher-Ohlin explained by Walras
The Heckscher-Ohlin model with arbitrary number of goods, factors and countries (consumers) and no restrictions on factor trading is shown to be equivalent to an exchange model whose goods are the productive factors while consumer’s indirect demands for factors are derived from their actual demands for consumption goods. This equivalence enables one to import properties like the pathconnectedne...
متن کاملRefutable Implications of the Heckscher-Ohlin Model
Previous empirical tests have found that,contrary to the conclusions of the HeckscherOhlin model, the factor composition of traded goods fails to reveal relative factor abundance rankings. Using a nonparametric approach, this paper discusses the refutability of two of the assumptions of the HO model: that countries have identical homothetic preferences and identical constant returns to scale pr...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The International Economy
سال: 1999
ISSN: 1884-4367,2186-6074
DOI: 10.5652/internationaleconomy.1999.1