Empirical foundations for the resurrection of Heckscher–Ohlin theory |
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| Authors: | Peter Egger Kathryn G. Marshall Eric O'N. Fisher |
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| Affiliation: | 1. Department of Bio-medical Sciences, University of Catania, Catania, Italy;2. Laboratory of Cellular and Molecular Biology, University of Bab-Ezzouar, Algiers, Algeria;3. High Technology Medical Center, Tbilisi 1st Hospital University Clinic, Tbilisi, Georgia;4. Department of Medicine and Health Sciences, University of Molise, Campobasso, Italy;1. Department of Econometrics, Çukurova University, Balcal?, Adana 01330, Turkey;2. Department of Economics, Çukurova University, Balcal?, Adana 01330, Turkey |
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| Abstract: | We decompose the factor content of trade into Heckscher–Ohlin–Vanek trade and Ricardian trade. We measure factor content using only the United States' technology and also as Leontief advocated, using the local technology. In either case, differences in endowments are quite important in explaining the factor content of trade. If one uses raw estimated coefficients as a means of comparison, differences in endowments are ten times as important as differences in technology. |
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