THE FACTOR CONTENT OF FOREIGN TRADE
THE FACTOR CONTENT OF FOREIGN TRADE
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二、对外贸易要素含量
DOI:
10.2307/2232217
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发表时间:
1984
期刊:
影响因子:
--
通讯作者:
E. Helpman
中科院分区:
文献类型:
--
作者:
E. Helpman
In the factor proportions trade theory (the Heckscher-Ohlin theory) the factor content of the pattern of trade plays a major role both in theoretical and in empirical investigations. It is therefore valuable to identify restrictions on permissible vectors of the factor content of trade which necessarily hold in equilibrium. If certain restrictions are empirically testable they can be used for preliminary testing of the theory before a more thorough examination is undertaken, or they can be used to reject the theory. It is my intention to develop in this paper a set of restrictions on the vectors of the factor content of trade which can be used for these purposes. It is well known that autarky commodity prices impose restrictions on possible patterns of trade. These restrictions provide a precise prediction of the pattern of trade for a two-country two-commodity world, in the sense that the exporter of a good is readily identifiable from autarky price data (as the country with the lower relative price of the good). I will start by showing that in the presence of factor price equalisation autarky factor rewards impose restrictions on the factor content of trade patterns which are completely analogous to the restrictions imposed by autarky commodity prices on the commodity patterns of trade. This result is in line with the view that in the factor proportions model trade in commodities represents indirect trade in factor services. Unfortunately, these restrictions rely on autarky information, and they are, therefore, not very useful for empirical work. In order to overcome this difficulty, I explore an alternative approach. I argue that common predictions of the factor content of trade flows Which are based on post-trade observable data - the data relevant for empirical studies rely on unnecessarily restrictive assumptions, i.e. the assumption that preferences are homothetic and identical across countries and the assumption of factor price equalisation. The assumption of identical homothetic preferences seems to be necessary when factor price equalisation is assumed, because in this case there is an indeterminancy in the pattern of production. Nevertheless, the two assumptions taken together imply the same factor content of a country's net import vector from the rest of the world for every equilibrium production pattern. However, in a many-country world the factor content of bilateral trade flows depends on the realised production patterns, and they cannot, therefore, be predicted. I will show that in the absence of factor price equalisation (which many