Trade Patterns Among Industrial Countries Their Relationship to Technology Differences and Capital Mobility
This paper compares two alternative measures of technology differences across industrial countries during 1970-92: one measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the Hicksian measure). The distinction between the two me...
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| Format: | eBook |
| Language: | English |
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Washington, D.C.
International Monetary Fund
2004
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| Series: | IMF Working Papers
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| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | This paper compares two alternative measures of technology differences across industrial countries during 1970-92: one measures differences in labor productivity (the Ricardian measure), and the other differences in total factor productivity (the Hicksian measure). The distinction between the two measures is important to the extent that trade patterns are inconsistent with comparative advantage revealed by the Hicksian measure, but not necessarily with that by the Ricardian measure. The distinction becomes more important in the period with high capital mobility across countries |
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| Physical Description: | 31 pages |
| ISBN: | 9781451844078 |