A Test of the Factor Endowments Model of Trade in a Rapidly Industrializing Country: The Case of Korea
对韩国1970和1980年的贸易数据进行了赫克歇尔-俄林-瓦内克定理的完全检验，发现其贸易揭示的要素禀赋与实际要素供给存在显著差异，并讨论了可能原因。
The authors perform a fully specified test of the Heckscher-Ohlin-Vanek (HOV) multifactor content theorem of international trade in the context of a rapidly industrializing economy, the Republic of Korea, in 1970 and 1980. The test involves a comparison of independent measures of relative factor endowments with endowment rankings revealed by Korea's international trade and total factor intensities. Interest arises in this effort because Korea's industrialization presents a new set of circumstances in which to test the Heckscher-Ohlin-Vanek theorem. The results strongly suggest that the revealed factor endowments departed significantly from actual factor supplies. The authors discuss potential reasons for this divergence. Copyright 1993 by MIT Press.