کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5084052 1477824 2011 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The factor content of regional bilateral trade: The role of technology and demand
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The factor content of regional bilateral trade: The role of technology and demand
چکیده انگلیسی
The Heckscher-Ohlin-Vanek (HOV) model in its strict form has been strongly rejected by the data. Relaxing some assumptions of the standard HOV model is key to find improvements in its performance. We apply the Davis and Weinstein (2001) methodology to analyse the validity of the HOV model using regions rather than countries. Surprisingly, our results using data for 17 Spanish regions are similar to theirs with international data for OECD countries. Accounting for technological differences improves the predictive capacity of the factor proportions model and including trade costs and geography reduces significantly the missing trade problem. However, relaxing the assumption of factor price equalisation does not improve the performance of the HOV model in a regional setting.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Economics & Finance - Volume 20, Issue 2, April 2011, Pages 157-172
نویسندگان
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