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| Author: | Weder, R. |
| Title: | Comparative home-market advantage: an empirical analysis of British and American exports |
| Journal: | Weltwirtschaftliches Archiv
2003 : VOL. 139:2, p. 220-247 |
| Index terms: | Exports United Kingdom USA |
| Freeterms: | Home market |
| Language: | eng |
| Abstract: | A hypothesis that a country exports relatively more of those goods for which it has a relatively larger home market, that is, a comparative home-market advantage is derived and tested in this paper. The prediction is based on a two-country, many-good intraindustry trade model with economies of scale, international transacton costs and differences in expenditure shares and country data. The hypothesis is supported by data from 1970-1987 of 26 industries in the manufacturing sector in the USA and the UK. |
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