The case of the missing trade and other mysteries

Article Abstract:

The Heckscher-Ohlin-Vanek (HOV) theorem posits that countries with an abundance of a particular supply will export products made from this material. Repeatedly, however, empirical testing of this theorem has performed quite poorly. Nevertheless, deviations from HOV are seen to follow meaningful patterns. Trade is not observable relative to its HOV prediction. In addition, rich countries are found with a scarcity of most factors while poor countries have an abundance of all factors. It is concluded that HOV is not accepted if there is no alteration permitting home bias in consumption and international technology variances.

Research, Supply and demand

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The long and short of the Canada-U.S. Free Trade Agreements

Article Abstract:

The consequences of Free Trade Agreements between the United States and Canada such as loss of employment, increase in labor productivity in export and import orient companies and changes in manufacturing sector are studied.

Canada, Employment, Administration of General Economic Programs, Foreign trade, Jobs & Employment, Productivity Improvement, Analysis, Evaluation, Commercial treaties, Trade agreements, Labor productivity, Labour productivity

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Beyond the algebra of explanation: HOV for the technology age

Article Abstract:

The development of theories relating to Heckscher-Ohlin-Vanek thinking, incorporating technological issues, is examined in detail.

Merchandise Trade Balance, Economic aspects, High technology

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