Technology, endowments, and the factor content of bilateral trade

• 成果类型: Article
• 署名作者: Lai, Huiwen; Zhu, Susan Chun
• 署名单位: Michigan State University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2006.07.002
• 发表日期: 2007
• 页码: 389-409
• 关键词: Heckscher-Ohlin model; factor content of bilateral trade; Ricardian technology differences

摘要

We derive testable restrictions relating the factor content of bilateral trade to bilateral differences in technology and endowments. This departs from the Heckscher-Ohlin-Vanek theorem which compares the factor content of net trade with factor abundance. We test the theoretical restrictions using a unique dataset that covers 41 developed and developing countries with disparate endowments and technology. We find evidence supporting the predictions. In addition: (1) The factor content predictions perform best for country pairs with larger endowment differences, and (2) for trade between capital-abundant countries, Ricardian international technology differences matter more than Heckscher-Oblin factor endowment differences. (C) 2006 Elsevier B.V. All rights reserved.