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The Dutch Factor Content of Human and Physical Capital: A Test of the HOV Model

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Author Info
Cörvers,F.
Reininga,T. (ROA rm)

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Abstract

The paper tests the validity of the Heckscher-Ohlin-Vanek (HOV) theorem of international trade for the Netherlands by comparing the true with the trade-revealed factor endowments of human and physical capital. The factor content analysis shows that the Netherlands is abundant in producer durables and low-skilled labour and is poor in intermediate and highly-skilled labour and structures. These findings are in line with the true Dutch factor endowments relative to 20 other industrialised countries. This confirms the HOV theorem in the Dutch case. Furthermore, the paper shows that sector-specific factor inputs can be used in a cross-section regression analysis to reveal the factor abundances and factor scarcities of the Netherlands, provided that all sectors are included in the analysis.

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Paper provided by Maastricht : ROA, Research Centre for Education and the Labour Market in its series Research Memoranda with number 001.

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Date of creation: 1998
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Handle: RePEc:dgr:umaror:1998001

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Keywords: international economics and trade ;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Edward E. Leamer, 1992. "Testing Trade Theory," NBER Working Papers 3957, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Bowen, Harry P & Leamer, Edward E & Sveikauskas, Leo, 1987. "Multicountry, Multifactor Tests of the Factor Abundance Theory," American Economic Review, American Economic Association, vol. 77(5), pages 791-809, December. [Downloadable!] (restricted)
    Other versions:
  3. Corvers, Frank, 1997. "The Impact of Human Capital on Labour Productivity in Manufacturing Sectors of the European Union," Applied Economics, Taylor and Francis Journals, vol. 29(8), pages 975-87, August. [Downloadable!] (restricted)
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  4. Forstner, Helmut, 1985. "A Note on the General Validity of the Heckscher-Ohlin Theorem," American Economic Review, American Economic Association, vol. 75(4), pages 844-49, September. [Downloadable!] (restricted)
  5. Deardorff, Alan V, 1982. "The General Validity of the Heckscher-Ohlin Theorem," American Economic Review, American Economic Association, vol. 72(4), pages 683-94, September. [Downloadable!] (restricted)
  6. Courakis, Anthony S, 1991. "Labour Skills and Human Capital in the Explanation of Trade Patterns," Oxford Economic Papers, Oxford University Press, vol. 43(3), pages 443-62, July. [Downloadable!] (restricted)
  7. Deardorff, Alan V., 1984. "Testing trade theories and predicting trade flows," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 1, chapter 10, pages 467-517 Elsevier. [Downloadable!] (restricted)
  8. Leamer, Edward E, 1980. "The Leontief Paradox, Reconsidered," Journal of Political Economy, University of Chicago Press, vol. 88(3), pages 495-503, June. [Downloadable!] (restricted)
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  10. Corvers, Frank & de Grip, Andries, 1997. "Explaining trade in industrialized countries by country-specific human capital endowments," Economic Modelling, Elsevier, vol. 14(3), pages 395-416, July. [Downloadable!] (restricted)
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  12. Hamilton, Carl & Svensson, Lars E O, 1984. " Do Countries' Factor Endowments Correspond to the Factor Contents in Their Bilateral Trade Flows?," Scandinavian Journal of Economics, Blackwell Publishing, vol. 86(1), pages 84-97.
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  15. David S, Jr Clifton & William B. Marxsen, 1984. "An Empirical Investigation of the Heckscher-Ohlin Theorem," Canadian Journal of Economics, Canadian Economics Association, vol. 17(1), pages 32-38, February. [Downloadable!] (restricted)
  16. Baldwin, Robert E, 1971. "Determinants of the Commodity Structure of U.S. Trade," American Economic Review, American Economic Association, vol. 61(1), pages 126-46, March. [Downloadable!] (restricted)
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  18. Bowen, Harry P & Sveikauskas, Leo, 1992. "Judging Factor Abundance," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 599-620, May. [Downloadable!] (restricted)
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  19. J. Fortune, 1976. "The distribution of labor skills and the commodity composition of International trade," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 112(3), pages 580-583, September. [Downloadable!] (restricted)
  20. Stern, Robert M. & Maskus, Keith E., 1981. "Determinants of the structure of U.S. foreign trade, 1958-1976," Journal of International Economics, Elsevier, vol. 11(2), pages 207-224, May. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Alfons Palangkaraya & Andreas Waldkirch, 2006. "Relative Factor Abundance and FDI Factor Intensity in Developed Countries," Melbourne Institute Working Paper Series wp2006n12, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. [Downloadable!]
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