This text addresses the empirical validity of the factor proportions theory, based on extensive data. Departing from Heckscher-Ohlin-Vanek theory, it extends existing models by allowing factor productivities and factor prices to differ across countries. The book reformulates ranking proportions derived from Heckscher-Ohlin-Vanek equations and, based on these models, it empirically investigates, in a cross-industry framework, the patterns of international trade for a large sample of countries. The results support the value version of the HOV-model, especially in the case of developing countries.
- ISBN10 364250213X
- ISBN13 9783642502132
- Publish Date 28 October 1998
- Publish Status Withdrawn
- Out of Print 18 October 2014
- Publish Country US
- Imprint Springer My Copy UK
- Format Paperback (US Trade)
- Pages 176
- Language English