An empirical demonstration of classical comparative cost theory: a correction to Balassa (1963)
In this study, I provide corrections to the estimation results reported by Balassa (1963) on testing the implications of the Ricardian model of international trade. While all of his estimation results have changed, his main conclusions still pertain. I conjecture that the errors are most likely due to computing errors.
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Volume (Year): 21 (2011)
Issue (Month): 23 ()
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