Estimating the HOV Model with Technology Differences Using Disaggregated Labor Skills for the United States and the United Kingdom Journal Article uri icon

Overview

abstract

  • The paper develops a version of the Heckscher–Ohlin–Vanek (HOV) theorem of parametric technological differences for application to US and UK data on the factor contents of trade, output, and consumption. A matched set of input–output tables, consumption and trade vectors, and labor occupations is constructed. The data allow estimation of factor‐specific and industry‐specific productivity differences for incorporation into a second‐stage econometric approach to assessing the HOV model. The data support a general model with technical differences and measurement error. The implied ratio of US‐to‐UK expenditure levels exceeds the ratio based on published GNP data.

publication date

  • February 1, 1999

Date in CU Experts

  • July 11, 2014 11:50 AM

Full Author List

  • Maskus KE; Webster A

author count

  • 2

Other Profiles

International Standard Serial Number (ISSN)

  • 0965-7576

Electronic International Standard Serial Number (EISSN)

  • 1467-9396

Additional Document Info

start page

  • 8

end page

  • 19

volume

  • 7

issue

  • 1