International Trade in Manufactured Products: A Ricardo-Heckscher-Ohlin Explanation with Monopolistic Competition
Electronic Access:
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Summary:
A large data set on trade in manufactured products is used to evaluate the performance of a model that combines both the Ricardian and Heckscher-Ohlin effects and incorporates monopolistic competition. The paper estimates a relation implied by the model to explain relative sectoral exports of major countries to a number of important markets, using 1970-90 data for nine manufacturing sectors. The relation fits the data well and variables suggested by both traditional and new trade models play an important role in explaining relative exports.
Series:
Working Paper No. 2001/041
Subject:
Competition Exports Financial markets International trade Production Productivity Total factor productivity Trade barriers
English
Publication Date:
March 1, 2001
ISBN/ISSN:
9781451846102/1018-5941
Stock No:
WPIEA0412001
Pages:
27
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