Testing Theories of Trade Among Many Countries
1982 (English)Report (Other academic)
The objective with this paper is to test the factor proportions of trade applying the framework of Ronald jones (1974) and Anne Krueger (1977). Krueger, unsatisfied with the standard way of interpreting Heckscher-Ohlin-Samuelson (HOS) model in empirical testing, concludes "that a meaningful interpretation of the HOS model must lie within the manufacturing sector in a world of many countries. Once focus is so shifted, it becomes immediately apparent that the HOS predictions are more likely to be borne out in patterns of specialization within manufacturing [production] than in comparison of factor proportions in the exporting and importing-competing industries" (p. 43).
What distinguishes this paper particularly from other empirical studies is that we use production and consumption data in addition to trade data. This enables us to test some additional hypotheses about international trade production and consumption.
Place, publisher, year, edition, pages
Stockholm: IIES , 1982. , 61 p.
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 209
IdentifiersURN: urn:nbn:se:su:diva-41438OAI: oai:DiVA.org:su-41438DiVA: diva2:330319