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Explaining United States International Trade, 1870-1910

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  • William K. Hutchinson

    ()
    (Department of Economics, Vanderbilt University)

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    Abstract

    Wright (1990) presents evidence on the factor content of trade that indicates the United States tended to export goods that were raw materials intensive. Using factor per unit of output ratios derived from the United States Census of Manu-factures, we are able to supplement Wright's findings for the period 1870 to 1910, a period in which his results were not as conclusive as were his results for later periods. In addition to the female and child labor content of trade during this pe-riod, the Census data also allow us to examine a measure of the human capital con-tent of trade during the period 1870 to 1910. Net exports tended to be capital in-tensive relative to labor and materials. However, a complementary relationship existed between capital and materials relative to labor which resulted in a positive relationship between labor value per unit of output and net exports.

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    File URL: http://www.accessecon.com/pubs/VUECON/vu02-w05.pdf
    File Function: First version, 2002
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    Bibliographic Info

    Paper provided by Vanderbilt University Department of Economics in its series Vanderbilt University Department of Economics Working Papers with number 0205.

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    Date of creation: Apr 2002
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    Handle: RePEc:van:wpaper:0205

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    Web page: http://www.vanderbilt.edu/econ/wparchive/index.html

    Related research

    Keywords: International trade; factor content; factor intensity;

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    References

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    1. Goldin, Claudia, 2001. "The Human-Capital Century And American Leadership: Virtues Of The Past," The Journal of Economic History, Cambridge University Press, Cambridge University Press, vol. 61(02), pages 263-292, June.
    2. Leamer, Edward E, 1980. "The Leontief Paradox, Reconsidered," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 88(3), pages 495-503, June.
    3. Leamer, Edward E & Bowen, Harry P, 1981. "Cross-Section Tests of the Heckscher-Ohlin Theorem: Comment [Factor Abundance and Comparative Advantage]," American Economic Review, American Economic Association, American Economic Association, vol. 71(5), pages 1040-43, December.
    4. Robert E. Lipsey, 1963. "Price and Quantity Trends in the Foreign Trade of the United States," NBER Books, National Bureau of Economic Research, Inc, number lips63-1, July.
    5. Trefler, Daniel, 1995. "The Case of the Missing Trade and Other Mysteries," American Economic Review, American Economic Association, American Economic Association, vol. 85(5), pages 1029-46, December.
    6. Anderson, James E, 1981. "Cross-Section Tests of the Heckscher-Ohlin Theorem: Comment [Factor Abundance and Comparative Advantage]," American Economic Review, American Economic Association, American Economic Association, vol. 71(5), pages 1037-39, December.
    7. Edward E. Leamer, 1992. "Testing Trade Theory," NBER Working Papers 3957, National Bureau of Economic Research, Inc.
    8. Harry P. Bowen & Leo Sveikauskas, 1989. "Judging Factor Abundance," NBER Working Papers 3059, National Bureau of Economic Research, Inc.
    9. Markusen, James R. & Melvin, James R. & Maskus, Keith E. & Kaempfer, William, 1995. "International trade: theory and evidence," MPRA Paper 21989, University Library of Munich, Germany.
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