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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Bibliographic Details
Main Author: Saito, Mika
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Trade Patterns Among Industrial Countries  |b Their Relationship to Technology Differences and Capital Mobility  |c Mika Saito 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2004 
300 |a 31 pages 
651 4 |a United States 
653 |a Manufacturing industries 
653 |a Labor costs 
653 |a Balance of trade 
653 |a Research and Development 
653 |a Labour 
653 |a Intellectual Property Rights: General 
653 |a Technology 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Model Evaluation and Selection 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Trade balance 
653 |a Manufacturing 
653 |a General issues 
653 |a Exports and Imports 
653 |a International economics 
653 |a Economic sectors 
653 |a Industry Studies: Manufacturing: General 
653 |a Labor 
653 |a Model Construction and Estimation 
653 |a Industries: Manufacturing 
653 |a International trade 
653 |a Innovation 
653 |a Comparative advantage 
653 |a Technological Change 
653 |a Capacity 
653 |a Empirical Studies of Trade 
653 |a Income economics 
653 |a Neoclassical Models of Trade 
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490 0 |a IMF Working Papers 
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520 |a 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