Journal Article

Explaining Trade Flows : Traditional and New Determinants of Trade Patterns

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Gourdon, Julien
dc.date.accessioned
2012-03-30T07:34:35Z
dc.date.available
2012-03-30T07:34:35Z
dc.date.issued
2009
dc.date.lastModified
2021-04-23T14:02:23Z
dc.description.abstract
An empirical tradition in international trade seeks to establish whether the predictions of factor abundance theory match with the data. In this paper, we test if the "new" determinants used in the factor content version of H-O-V models (differences in productivity, in returns to scale or in consumers' preferences) help us to improve our estimation of trade patterns in commodities. The results show that conventional factors are still important in determining trade structure although new determinants need to be included to determine comparative advantage. Turning to the change across periods, differences in factor endowments have not diminished over time: we observe an increase in specialization according to skill endowment. Hence, those "new" determinants are not new forces that drive trade flows.
en
dc.identifier.citation
Journal of Economic Integration
dc.identifier.issn
1225651X
dc.identifier.uri
http://hdl.handle.net/10986/5794
dc.language.iso
EN
dc.relation.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights.holder
World Bank
dc.subject
Neoclassical Models of Trade F110
dc.subject
Models of Trade with Imperfect Competition and Scale Economies F120
dc.subject
Country and Industry Studies of Trade F140
dc.title
Explaining Trade Flows : Traditional and New Determinants of Trade Patterns
en
dc.title.alternative
Journal of Economic Integration
en
dc.type
Journal Article
en
okr.doctype
Journal Article
okr.externalcontent
External Content
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
818
okr.journal.nbpages
53-86
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.relation.associatedurl
http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1038851&site=ehost-live
okr.relation.associatedurl
http://www2.sejong.ac.kr/~cie/
okr.volume
24

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