Comparative Advantage in International Trade: Theory and Evidence
Traditional trade theory explains trade only by differences between countries, notably differences in their relative endowments of factors of production. It suggests an inverse relationship between the similarity of countries and the volume of trade between them. The Heckscher-Ohlin (HO) factor prop...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Heidelberg
Physica-Verlag HD
1999
|
| Ausgabe: | 1st ed. 1999 |
| Schriftenreihe: | Studies in Empirical Economics
|
| Schlagworte: | |
| Online-Zugang: | BTU01 Volltext |
| Zusammenfassung: | Traditional trade theory explains trade only by differences between countries, notably differences in their relative endowments of factors of production. It suggests an inverse relationship between the similarity of countries and the volume of trade between them. The Heckscher-Ohlin (HO) factor propor tions theory derives the determinants of comparative advantage in a world of "two-ness" (two goods, two factors, two countries). It predicts that each country will export that good which uses the country's abundant factor rel atively most intensively. The literature on trade offers an impressive number of studies based on the HO theory. The main methodological problems en countered in the literature are: first, the appropriate formulation of the HO theorem in a multi-factor, multi-good and multi-country framework; second, proper tests of the HO theory and proper links of the theory to empirical analysis. The relevance of the HO theory began to be questioned when important facts of modern international trade proved to be inconsistent with its theoretical framework. Leontief (1953) tested the factor proportions theory, using the US data for 1947, and found that the US had more labor-intensive exports than imports, which is opposed to both perceptions and estimations of factor endowments. The Leontief Pamdoxcreated doubt as to whether or not actual trade patterns and factor endowments are related as predicted by theory, and caused many controversial discussions with regard to the proper empirical implementation of the factor proportions theory |
| Beschreibung: | 1 Online-Ressource (VIII, 164 p) |
| ISBN: | 9783642502125 |
| DOI: | 10.1007/978-3-642-50212-5 |
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| author | Keuschnigg, Mirela |
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| edition | 1st ed. 1999 |
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| spelling | Keuschnigg, Mirela Verfasser aut Comparative Advantage in International Trade Theory and Evidence by Mirela Keuschnigg 1st ed. 1999 Heidelberg Physica-Verlag HD 1999 1 Online-Ressource (VIII, 164 p) txt rdacontent c rdamedia cr rdacarrier Studies in Empirical Economics Traditional trade theory explains trade only by differences between countries, notably differences in their relative endowments of factors of production. It suggests an inverse relationship between the similarity of countries and the volume of trade between them. The Heckscher-Ohlin (HO) factor propor tions theory derives the determinants of comparative advantage in a world of "two-ness" (two goods, two factors, two countries). It predicts that each country will export that good which uses the country's abundant factor rel atively most intensively. The literature on trade offers an impressive number of studies based on the HO theory. The main methodological problems en countered in the literature are: first, the appropriate formulation of the HO theorem in a multi-factor, multi-good and multi-country framework; second, proper tests of the HO theory and proper links of the theory to empirical analysis. The relevance of the HO theory began to be questioned when important facts of modern international trade proved to be inconsistent with its theoretical framework. Leontief (1953) tested the factor proportions theory, using the US data for 1947, and found that the US had more labor-intensive exports than imports, which is opposed to both perceptions and estimations of factor endowments. The Leontief Pamdoxcreated doubt as to whether or not actual trade patterns and factor endowments are related as predicted by theory, and caused many controversial discussions with regard to the proper empirical implementation of the factor proportions theory International Economics International economics Außenhandel (DE-588)4003832-4 gnd rswk-swf Welthandel (DE-588)4065365-1 gnd rswk-swf Faktorproportionentheorem (DE-588)4131855-9 gnd rswk-swf Struktur (DE-588)4058125-1 gnd rswk-swf Theorem der komparativen Kostenvorteile (DE-588)4213502-3 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Welthandel (DE-588)4065365-1 s Struktur (DE-588)4058125-1 s Faktorproportionentheorem (DE-588)4131855-9 s DE-604 Theorem der komparativen Kostenvorteile (DE-588)4213502-3 s Außenhandel (DE-588)4003832-4 s Erscheint auch als Druck-Ausgabe 9783790811568 Erscheint auch als Druck-Ausgabe 9783642502132 Erscheint auch als Druck-Ausgabe 9783642502149 https://doi.org/10.1007/978-3-642-50212-5 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Keuschnigg, Mirela Comparative Advantage in International Trade Theory and Evidence International Economics International economics Außenhandel (DE-588)4003832-4 gnd Welthandel (DE-588)4065365-1 gnd Faktorproportionentheorem (DE-588)4131855-9 gnd Struktur (DE-588)4058125-1 gnd Theorem der komparativen Kostenvorteile (DE-588)4213502-3 gnd |
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| title | Comparative Advantage in International Trade Theory and Evidence |
| title_auth | Comparative Advantage in International Trade Theory and Evidence |
| title_exact_search | Comparative Advantage in International Trade Theory and Evidence |
| title_exact_search_txtP | Comparative Advantage in International Trade Theory and Evidence |
| title_full | Comparative Advantage in International Trade Theory and Evidence by Mirela Keuschnigg |
| title_fullStr | Comparative Advantage in International Trade Theory and Evidence by Mirela Keuschnigg |
| title_full_unstemmed | Comparative Advantage in International Trade Theory and Evidence by Mirela Keuschnigg |
| title_short | Comparative Advantage in International Trade |
| title_sort | comparative advantage in international trade theory and evidence |
| title_sub | Theory and Evidence |
| topic | International Economics International economics Außenhandel (DE-588)4003832-4 gnd Welthandel (DE-588)4065365-1 gnd Faktorproportionentheorem (DE-588)4131855-9 gnd Struktur (DE-588)4058125-1 gnd Theorem der komparativen Kostenvorteile (DE-588)4213502-3 gnd |
| topic_facet | International Economics International economics Außenhandel Welthandel Faktorproportionentheorem Struktur Theorem der komparativen Kostenvorteile Hochschulschrift |
| url | https://doi.org/10.1007/978-3-642-50212-5 |
| work_keys_str_mv | AT keuschniggmirela comparativeadvantageininternationaltradetheoryandevidence |