MARC Record from Library of Congress

LEADER: 02155cam a22003377a 4500
001 2005616115
003 DLC
005 20110307162447.0
007 cr |||||||||||
008 050131s1996 nyu sb f000 0 eng
010 $a 2005616115
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aHarrigan, James.
245 10 $aTechnology, factor supplies, and international specialization$h[electronic resource] :$bestimating the neoclassical model /$cJames Harrigan.
260 $a[New York, N.Y.] :$bFederal Reserve Bank of New York,$c[1996]
490 1 $aStaff reports ;$vno. 15
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/31/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"The standard neoclassical model of trade theory predicts that international specialization will be jointly determined by cross-country differences in relative factor endowments and relative technology levels. This paper uses economic theory to specify an empirical model of specialization consistent with the neoclassical explanation. According to the empirical model, a sector's share in GDP depends on both relative factor supplies and relative technology differences, and the estimated parameters of the model have a close and clear connection to theoretical parameters. The model is estimated for manufacturing sectors using a twenty-year, ten-country panel of data on the industrialized countries. Relative technology levels and factor supplies are both found to be an important determinant of specialization"--Federal Reserve Bank of New York web site.
650 0 $aInternational trade$xEconometric models.
650 0 $aTechnology$xEconomic aspects.
650 0 $aFactor proportions.
650 0 $aNeoclassical school of economics.
650 0 $aEconomic specialization$xEconometric models.
710 2 $aFederal Reserve Bank of New York.
830 0 $aStaff reports (Federal Reserve Bank of New York : Online) ;$vno. 15.
856 40 $uhttp://www.ny.frb.org/research/staff_reports/sr15.html