search query: @journal_id 4617 / total: 38
reference: 4 / 38
| Author: | Cavusoglu, N. Elmslie, B. |
| Title: | The chain version of comparative advantage: An empirical investigation |
| Journal: | Review of World Economics
2005 : VOL 141:3, p. 404-421 |
| Index terms: | Comparative advantage Theories Models USA |
| Language: | eng |
| Abstract: | This paper tests the chain version of the Heckscher-Ohlin (H-O) theorem empirically for the first time by using data on capital and labour endowments and capital/labour intensities by sector combined with export/import data for the United States. According to the paper's findings, predictions of the theory are not confirmed by the data. However, when gross investment is used as a proxy for productive capital stock and capital/labour ratios are replaced by investment/labour ratios, almost perfect concordance are found btw. net trade flows and endowments as predicted by theory. |
SCIMA