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Factor Accumulation Without Diminishing Returns: The Case of East Asia: Technical Paper 2003-11

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  • Peter Debaere
  • Ufuk Demiroglu

Abstract

We investigate the similarity of the country endowments of the newly industrialized East Asian countries and their major developed trading partners since the 1960s. In particular, we analyze their factor endowments in years 1965, 1977 and 1990, using the lens condition of Deardorff (1994). Because of the similarity of endowments of the NICs and their developed-country trading partners, we cannot reject the hypothesis that these countries were able to produce the same set of goods since the 1960s. This empirical evidence supports the theoretical analyses of the East Asian

Suggested Citation

  • Peter Debaere & Ufuk Demiroglu, 2003. "Factor Accumulation Without Diminishing Returns: The Case of East Asia: Technical Paper 2003-11," Working Papers 15113, Congressional Budget Office.
  • Handle: RePEc:cbo:wpaper:15113
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    References listed on IDEAS

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    Cited by:

    1. Catia Batista & Jacques Potin, 2007. "Stages of diversification and specialization in an Heckscher-Ohlin world, 1976-2000," Economics Series Working Papers 356, University of Oxford, Department of Economics.

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