Article ID Journal Published Year Pages File Type
5084051 International Review of Economics & Finance 2011 11 Pages PDF
Abstract
We decompose the factor content of trade into Heckscher-Ohlin-Vanek trade and Ricardian trade. We measure factor content using only the United States' technology and also as Leontief advocated, using the local technology. In either case, differences in endowments are quite important in explaining the factor content of trade. If one uses raw estimated coefficients as a means of comparison, differences in endowments are ten times as important as differences in technology.
Keywords
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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