Testing two trade models in Latin American agriculture
The Heckscher-Ohlin and Markusen models state that countries export the goods intensive in the use of their relatively abundant factor. Latin American agricultural trade is consistent with both models. The paper then shows that Latin American agricultural trade is primarily explained by country diff...
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Veröffentlicht in: | Agricultural economics 1994, Vol.10 (1), p.49-59 |
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Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | The Heckscher-Ohlin and Markusen models state that countries export the goods intensive in the use of their relatively abundant factor. Latin American agricultural trade is consistent with both models. The paper then shows that Latin American agricultural trade is primarily explained by country differences in relative factor abundance between countries rather than differences in technology. This findings does not reject the Heckscher-Ohlin model but rejects one of Markusen's models. |
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ISSN: | 0169-5150 1574-0862 |
DOI: | 10.1016/0169-5150(94)90039-6 |