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| Author: | Torstensson, J. |
| Title: | The factor content of net trade for the OECD countries |
| Journal: | Journal of Economic Studies
1995 : VOL. 22:6, p. 3-15 |
| Index terms: | INTERNATIONAL TRADE CAPITAL TRADE |
| Language: | eng |
| Abstract: | This article applies the two-factor version of the Heckscher-Ohlin-Vanek (HOV) theorem. Two hypotheses are derived. The empirical analysis offers support for the second but not for the first hypothesis when trade of each Organization for Economic Co-operation and Development (OECD) country with the rest of the world is analysed. The paper examines the factor content of net trade with data on foreign trade between the OECD countries and then determines average capital-labour ration as the OECD average. |
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