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Biais reliés au développement dans les productivités des facteurs et le modèle HOV.
Author(s) -
Maskus Keith E.,
Nishioka Shuichiro
Publication year - 2009
Publication title -
canadian journal of economics/revue canadienne d'économique
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.773
H-Index - 69
eISSN - 1540-5982
pISSN - 0008-4085
DOI - 10.1111/j.1540-5982.2009.01518.x
Subject(s) - economics , productivity , econometrics , factor (programming language) , total factor productivity , macroeconomics , computer science , programming language
Past empirical failures of the basic Heckscher‐Ohlin‐Vanek (HOV) model related to the inability of data to meet its restrictive assumptions. Trefler (1993) tried to resuscitate HOV by introducing a simple Hicks‐neutral (HN) factor‐productivity adjustment. In this paper, we re‐examine this question by estimating factor‐specific productivities from the individual technology data of multiple developed and developing countries. We find evidence of factor‐augmenting technological differences. Further, the ratios of factor productivities are strongly correlated with corresponding factor endowments. This systematic bias implies that the ability of HOV to explain North‐South factor trade depends on both relative factor abundance and factor‐augmenting productivity gaps.