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## International Factor Price Differences: Leontief Was Right! (1993)

Citations: | 211 - 3 self |

### Citations

520 |
Principles of Econometrics
- Theil
- 1971
(Show Context)
Citation Context ...rank(Xf) = C- i. Consider the ranksof the augmented matrix [Xf, Ff*]. Since Yc Tc = 0 implies Yc Ff*C = 0,srank[Xf, Ff*] = C - 1. Hence, a solution exists that is unique up to assingle normalization (=-=Theil 1971-=-, sec. 1.3).sPart ii: Consider an example with two countries and two goods. Withouts982 JOURNAL OF POLITICAL ECONOMYsloss of generality, let IrfI = 1 and assume that country 2 imports the servicessof ... |

326 | The Penn World Table (Mark 5): An Expanded - Summers, Heston - 1991 |

225 | Diewert, “The Economic Theory - Caves, Christensen, et al. - 1982 |

162 | SVEIKAUSKAS, "Multicountry, Multifactor Tests of the Factor Abundance Theory
- BOWEN, LEAMER, et al.
- 1987
(Show Context)
Citation Context ...971), cross-country studiessfor a single industry (e.g., Leamer 1984), and factor content studiess(e.g., Leontief 1953). Only five papers have reported complete testssof the HOV theorem (Maskus 1985; =-=Bowen et al. 1987-=-; Brechersand Choudhri 1988; Staiger 1988; Kohler 1991). This paper may besviewed as a complete test of the HOV theorem that rejects it in favorsof a minor generalization of the theorem.sii) Consideri... |

155 |
Domestic Production and Foreign Trade: The American Capital Position Re-Examined
- Leontief
- 1954
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Citation Context ...ed).s8 United States technology factors "must have increased-in comparison with otherscountries-the productivity of American labor much more than they have raised thesefficiency of American capital" (=-=Leontief 1968-=-, p. 526).s980 JOURNAL OF POLITICAL ECONOMYssince it fits squarely within traditional HOV concerns. Indeed, conessof diversification creep into proposition 1 via the assumption that allsthe Vft are st... |

143 | Industrialization and Growth: A Comparative Study - HB, Robinson, et al. - 1986 |

123 |
The effect of foreign trade on the distribution of income. Ekonomisk Tidskrift, reprinted
- Heckscher
- 1919
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Citation Context ...ited States and its trading part-sners, in particular, Canada, Japan, and the European Economic Com-smunity.sThe model for my analysis is the increasingly forsaken Heckscher-sOhlin-Vanek (HOV) model (=-=Heckscher 1919-=-; Ohlin 1933; Samuelsons1948; Melvin 1968; Vanek 1968). If the HOV model is currently outsof fashion, it may seem peculiar to place it center-stage in a modernsmodel. But this suspicion is misplaced. ... |

95 |
Consistent Sets of Estimates for Regressions with Errors in All Variables
- Klepper, bamer
- 1984
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Citation Context ...errors-in-variables model, then the maximumslikelihood estimate of c is not unique. In particular, when 0 < , <s1 AR, the set of maximum likelihood estimates is the interval ADsIAR] = [0.678, 0.752] (=-=Klepper and Leamer 1984-=-, theorem 1).5 Sincesthis interval excludes unity, the normal errors-in-variables model can-snot explain why the slope is less than unity.sAnother explanation is that the wage data pertain to nonagric... |

76 |
The Leontief Paradox Reconsidered
- LEAMER
- 1980
(Show Context)
Citation Context ...try c's share of world consumption. The HOVsmodel with factor price equalization and identical technologies (AC =sAC for all pairs of countries c and c') implies the following set ofsequations (e.g., =-=Leamer 1980-=-):sCsFfC=VfC-SCZVfj, f= 1, ... ,F,c= 1, ... ,C, (1) j=1sWfC= Wfc' f = 1,...,F,c,c' = 1,...,C. (2)sSince country c is defined to be abundant in factor f if Vfr -sSc J Vf > 0, equation (1) implies the H... |

73 |
The Factor Proportions Theory: The N-Factor Case
- VANEK
- 1968
(Show Context)
Citation Context ...nada, Japan, and the European Economic Com-smunity.sThe model for my analysis is the increasingly forsaken Heckscher-sOhlin-Vanek (HOV) model (Heckscher 1919; Ohlin 1933; Samuelsons1948; Melvin 1968; =-=Vanek 1968-=-). If the HOV model is currently outsof fashion, it may seem peculiar to place it center-stage in a modernsmodel. But this suspicion is misplaced. Once international differencessin factor prices are p... |

63 | International Trade and the Equalisation of Factor Prices - Samuelson - 1948 |

51 |
International Trade and Resource Allocation
- Woodland
- 1982
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Citation Context ...eoretically,sFACTOR PRICE DIFFERENCES 963sthis paper is related to the literature on the HOV theorem withoutsfactor price equalization (Bardhan 1965; Deardorff 1979, 1982;sBrecher and Choudhri 1982a; =-=Woodland 1982-=-, sec. 7.3.2; Helpmans1984). As with Bardhan and Woodland, my treatment is less generalsin that the failure of factor price equalization is driven solely by inter-snational productivity differences.sT... |

39 |
Weak Links in the Chain of Comparative Advantage
- DEARDORFF
- 1979
(Show Context)
Citation Context ...t of productivity and factor price differences. Theoretically,sFACTOR PRICE DIFFERENCES 963sthis paper is related to the literature on the HOV theorem withoutsfactor price equalization (Bardhan 1965; =-=Deardorff 1979-=-, 1982;sBrecher and Choudhri 1982a; Woodland 1982, sec. 7.3.2; Helpmans1984). As with Bardhan and Woodland, my treatment is less generalsin that the failure of factor price equalization is driven sole... |

37 | The Factor Content of Foreign Trade - HELPMAN - 1984 |

30 |
Production and Trade with Two Factors and Three Goods
- MELVIN
- 1968
(Show Context)
Citation Context ...articular, Canada, Japan, and the European Economic Com-smunity.sThe model for my analysis is the increasingly forsaken Heckscher-sOhlin-Vanek (HOV) model (Heckscher 1919; Ohlin 1933; Samuelsons1948; =-=Melvin 1968-=-; Vanek 1968). If the HOV model is currently outsof fashion, it may seem peculiar to place it center-stage in a modernsmodel. But this suspicion is misplaced. Once international differencessin factor ... |

25 | Differentiated products, economies and scale and access to the Japanese - Saxonhouse - 1989 |

23 |
The Factor Content of International Trade without Factor Price Equalization
- BRECHER, CHOUDHRI
- 1982
(Show Context)
Citation Context ...is that the HOV theorem constitutes an incomplete descriptionsof trade in factor services: its predictions were rejected in five impor-stant studies (Maskus 1985; Bowen, Leamer, and Sveikauskas 1987;s=-=Brecher and Choudhri 1988-=-; Staiger 1988; Kohler 1991). An odditysabout related empirical work is the invariable wedding of the HOVstheorem to the factor price equalization hypothesis. This is done insspite of the common knowl... |

15 |
Determinants of the Commodity Structure of U.S. Trade
- BALDWIN
- 1971
(Show Context)
Citation Context ...n technology, trade, and endow-sments. Most of the purported tests of the theorem used only two ofsthese three and so are incomplete. They appear as cross-industrysstudies for a single country (e.g., =-=Baldwin 1971-=-), cross-country studiessfor a single industry (e.g., Leamer 1984), and factor content studiess(e.g., Leontief 1953). Only five papers have reported complete testssof the HOV theorem (Maskus 1985; Bow... |

13 | Determinants of the Structure of U.S. Foreign Trade, 1958-76 - Stern, Maskus |

13 | The Theory of Trade and Protection - TRAVIS - 1964 |

12 | Labor Skills and International Trade: Evaluating Many Trade Flows with a Single Measuring Device - Keesing - 1965 |

11 | 1981], "A General Approach to Intertemporal and Interspacial Productivity Comparisons, with an Application to Canadian Manufacturing", paper presented at - DENNY, Fuss |

9 |
A Specification Test of the Heckscher-Ohlin Theory
- Staiger
- 1988
(Show Context)
Citation Context ...stitutes an incomplete descriptionsof trade in factor services: its predictions were rejected in five impor-stant studies (Maskus 1985; Bowen, Leamer, and Sveikauskas 1987;sBrecher and Choudhri 1988; =-=Staiger 1988-=-; Kohler 1991). An odditysabout related empirical work is the invariable wedding of the HOVstheorem to the factor price equalization hypothesis. This is done insspite of the common knowledge that fact... |

8 | Relative Productivity Levels, 1947-1973: An International Comparison - Christensen, Cummings, et al. - 1995 |

7 | Cross-section Tests of the Heckscher-Ohlin Theorem - Leamer, Bowen - 1981 |

4 |
How Robust Are Sign and Rank Order Tests of the Heckscher-Ohlin-Vanek Theorem?" Oxford Econ. Papers 43
- Kohler
- 1991
(Show Context)
Citation Context ...complete descriptionsof trade in factor services: its predictions were rejected in five impor-stant studies (Maskus 1985; Bowen, Leamer, and Sveikauskas 1987;sBrecher and Choudhri 1988; Staiger 1988; =-=Kohler 1991-=-). An odditysabout related empirical work is the invariable wedding of the HOVstheorem to the factor price equalization hypothesis. This is done insspite of the common knowledge that factor price equa... |

3 | Proportions and the Structure of American Trade: Further Theoretical and Empirical Analysis - Factor - 1956 |

1 |
International Differences in Production Functions, Trade and Factor Prices
- Bardhan
- 1965
(Show Context)
Citation Context ...ctivestreatment of productivity and factor price differences. Theoretically,sFACTOR PRICE DIFFERENCES 963sthis paper is related to the literature on the HOV theorem withoutsfactor price equalization (=-=Bardhan 1965-=-; Deardorff 1979, 1982;sBrecher and Choudhri 1982a; Woodland 1982, sec. 7.3.2; Helpmans1984). As with Bardhan and Woodland, my treatment is less generalsin that the failure of factor price equalizatio... |

1 |
The Leontief Paradox: Continued or Resolved?"J.P.E. 93
- Casas, Choi
- 1985
(Show Context)
Citation Context ... States was labor abundant assmeasured in productivity-equivalent workers. This observation is dis-stinct from the question of whether there is a paradox (see Leamers1980; Brecher and Choudhri 1982b; =-=Casas and Choi 1985-=-). My re-ssults leave intact Leamer's conclusion that there is no paradox.sEmpirically, this paper is closely related to that of Bowen et al.s(1987), who examined the relationship between productivity... |

1 | Skills and Comparative Advantage - Labor - 1966 |

1 | A Test of the Heckscher-Ohlin-Vanek Theorem: The Leontief Commonplace - DIFFERENCES - 1985 |

1 | of Technology and the Wealth of Nations, edited by Nathan - Review - 1993 |

1 | Survey Current Bus. 64 (May 1984): 42-84. . Understanding United States Foreign Trade Data - Economy - 1977 |

1 | Revenue Service. Source Book, Statistics of Income, Active Corporation Income Tax Returns - Internal - 1983 |