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The chain version of Heckscher-Ohlin theory correctly predicts U.S. trade flows!

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  • Cavusoglu, Nevin

Abstract

The chain version of the Heckscher-Ohlin theorem has only been tested by Cavusoglu and Elmslie (2005), with findings that fail to provide empirical support to its predictions. The present paper expands on that study and presents different results. Using data on capital-labor intensities, and exports and imports for ten manufacturing and three service sectors for the U.S. from 1970 to 2009, the predictions of the theory are confirmed by the data. These results are robust to different price indices, labor measures, and weight measures used to construct net export data. The difference in results between the two studies can be explained by the use of different capital stock data, as well as the longer time frame of the current study.

Suggested Citation

  • Cavusoglu, Nevin, 2019. "The chain version of Heckscher-Ohlin theory correctly predicts U.S. trade flows!," International Economics, Elsevier, vol. 157(C), pages 170-178.
    • Handle: RePEc:eee:inteco:v:157:y:2019:i:c:p:170-178
    DOI: 10.1016/j.inteco.2018.10.003
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    Cited by:

    1. Hrvoje Jošic, Berislav Žmuk, 2023. "There is still life in factor proportions model: an evidence from the selected OECD countries," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 20(2), pages 193-221, December.
    2. Hamid Sepehrdoust & Mohsen Tartar & Razieh Davarikish, 2021. "Does Scientific Productivity Stimulate Intensified Technology Exports in Developing Economies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(4), pages 2111-2135, December.

    More about this item

    Keywords

    International trade; Chain Heckscher-Ohlin;

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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