INTERNATIONAL CAPITAL MOBILITY, THE FACTOR CONTENT OF TRADE AND LEONTIEF PARADOXES

• 成果类型: Article
• 署名作者: GAISFORD, JD
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/0022-1996(95)01373-E
• 发表日期: 1995
• 页码: 175-183
• 关键词: capital mobility; FACTOR CONTENT OF TRADE; Foreign investment; international factor mobility; LEONTIEF PARADOX

摘要

In a world where capital is internationally mobile, care is required in interpreting data on the factor content of trade. US data for the 1960s seems to suggest that the US should have been abundantly endowed with labour relative to capital in comparison with the world as a whole. Ethier and Svensson's (1986, J. International Economics 20, pp.21-42) work on international factor mobility provides the basis for an interesting re-examination of such Leontief paradoxes. Given that the US exports capital services directly, its exports of goods would, on average, be intensive in its relatively abundant internationally immobile factors and, thus, need not be capital intensive.