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来源类型Working Paper
规范类型报告
DOI10.3386/w6815
来源IDWorking Paper 6815
Do Endowments Predict the Location of Production? Evidence from National and International Data
Jeffrey R. Bernstein; David E. Weinstein
发表日期1998-11-01
出版年1998
语种英语
摘要Examining the relationship between factor endowments and production patterns using international and Japanese regional data, we provide the first empirical confirmation of Ethier's correlation approach to the Rybczynski theorem. Moreover, we find evidence of substantial production indeterminacy. Prediction errors are six to thirty times larger for goods traded relatively freely. A compelling explanation of this phenomenon is the existence of more goods than factors in the presence of trade costs. This result implies that regressions of trade or output on endowments have weak theoretical foundations. Furthermore, since errors are largest in data sets where trade costs are small, we explain why the common methodology of imputing trade barriers from regression residuals often leads to backwards results.
主题International Economics ; Trade ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w6815
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/564324
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Jeffrey R. Bernstein,David E. Weinstein. Do Endowments Predict the Location of Production? Evidence from National and International Data. 1998.
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