التفاصيل البيبلوغرافية
| العنوان: |
TH FACTOR-PROPORTIONS MODEL WITH MANY NATIONS, GOODS AND FACTORS: THEORY AND EVIDENCE. |
| المؤلفون: |
Harkness, Jon |
| المصدر: |
Review of Economics & Statistics; May83, Vol. 65 Issue 2, p298, 8p, 3 Charts |
| مصطلحات موضوعية: |
COMMODITY exchanges, FACTOR proportions, HECKSCHER-Ohlin principle, MATHEMATICAL models of economics, INTERNATIONAL trade, INTERNATIONAL economic relations, ECONOMIC models, COMPARATIVE advantage (International trade) |
| مستخلص: |
The article focuses on the factor-proportion model with many nations, goods and factors. Recently, several authors have markedly improved our understanding of the factor-proportions trade model when there are arbitrarily many goods, factors and/or nations. Economist Jaroslav Vanek appears to be the first rigorously to derive theorems, in the spirit of the simple Heckscher-Ohlin theory, concerning the factor content of a nation's total trade. Subsequently, economist Yutaka Horiba has investigated conditions under which Vanek's results hold bilaterally for trade among many nations. Nonetheless, none of these models nor their implications have been subjected to rigorous empirical tests. This paper provides such tests on observed trade patterns among Canada, the U.S. and the rest of the world. The article briefly reviews the Vanek-Horiba version of the factor-proportions model, demonstrating how a nation's total and bilateral net factor-service trade flows are linked to her total and bilateral relative factor endowments. The implications for direct commodity trade are derived problems arising from the absence of some data necessary to empirical implementation of the model has been dealt. |
| قاعدة البيانات: |
Complementary Index |
