Productivity differences in an interdependent world

• 成果类型: Article
• 署名作者: Fadinger, Harald
• 署名单位: University of Vienna
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2011.03.003
• 发表日期: 2011
• 页码: 221-232
• 关键词: Heckscher-Ohlin; productivity differences; Development accounting; Open economy growth

摘要

This paper studies cross-country differences in productivity from an open economy perspective by using a Helpman-Krugman-Heckscher-Ohlin model that embraces the single-cone model and a one-sector economy with factor deepening as particular cases. To estimate the model, I combine tools from development accounting and the factor content of trade literature. When simultaneously fitting data on income, factor prices and the factor content of trade, I find that the one-sector model is by far better supported by the data than the single-cone model. Rich countries have far higher productivities of human capital than poor ones, while differences in physical capital productivity are not related to income per worker. Finally, I estimate an aggregate elasticity of substitution between human and physical capital that is significantly below one. (c) 2011 Elsevier B.V. All rights reserved.