Determinants of the Structure of Swedish Foreign Trade in Manufactures, 1968-1979
在新赫克歇尔-俄林框架下分析瑞典制成品净出口的决定因素,发现人力资本的作用日益增强,而物质资本的作用不再显著。
Swedish net exports of manufactured goods are analyzed empirically for the years 1968, 1970, 1977 and 1979 in a neo-Heckscher-Ohlin framework where technological effects are taken into account. The analysis is repeated for bilateral exchange with other industrial countries, lessdeveloped countries and socialist countries. There is some evidence that Swedish net exports of manufactures to a growing extent embody direct services of human capital, especially vis-Avis the LDCs and socialist countries. A positive relationship between direct inputs of physical capital and net trade, such as was found for 1957, is no longer evident. I. Introduction The direct factor content of Swedish foreign trade in manufactures is analyzed in this paper, using a modified neo-Heckscher-Ohlin model in combination with some technological factors assumed to influence the structure of foreign trade. The presumption that human capital is an important determinant of Sweden's comparative advantage is confronted with data. Previous results, dating back to 1957, concerning the role of physical capital are also followed up. During the last decade, the change in the driving forces of international trade, as evidenced by restructuring problems in many industrialized countries (Sweden is no exception), has attracted a great deal of attention. At the same time, a number of studies have appeared in which the export performance of notably the U.S. and West Germany has been analyzed