Relative endowments and the volume of trade

Soo, K T (2009) Relative endowments and the volume of trade. Journal of Economic Integration, 24 (4). pp. 744-764. ISSN 1225-651X

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Abstract

This paper provides evidence that the volume of trade may increase as countries’ relative endowments become more similar. A model is developed that can explain this phenomenon. The model is a four-good version of the Davis (1995) Heckscher-Ohlin-Ricardo model of international trade based on technological and factor endowment differences across countries. In the model, trade volumes may increase with greater similarity in relative endowments, because productivity differences across countries mean that countries’ production becomes increasingly specialised the more similar are their relative endowments.

Item Type:
Journal Article
Journal or Publication Title:
Journal of Economic Integration
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
45572
Deposited By:
Deposited On:
11 Jul 2011 18:34
Refereed?:
Yes
Published?:
Published
Last Modified:
20 May 2020 02:15