An Account of Global Factor Trade
修正了赫克歇尔-俄林-瓦内克理论,纳入技术差异、要素价格不均等、非贸易品和贸易成本,发现该理论与十个OECD国家及世界其他地区的贸易数据一致。
A half century of empirical work attempting to predict the factor content of trade in goods has failed to bring theory and data into congruence. Our study shows how the Heckscher-Ohlin-Vanek theory, when modified to permit technical differences, a breakdown in factor price equalization, the existence of nontraded goods, and costs of trade, is consistent with data from ten OECD countries and a rest-of-world aggregate.