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The Skill and Higher Educational Content of UK Net Exports

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  • Webster, Allan

Abstract

This paper reports evidence on the factor content of UK trade in 1984 in terms of both broad aggregates of factors and of disaggregated skill categories. It also reports the result of a similar analysis of the higher educational content of UK net exports. This provides not only a measure of the sources of a country's comparative advantage but also of the relative scarcity of factors of production. The study finds that the UK was scare in both skilled manual and semi-skilled manual labor relative to unskilled labor in 1984. It also finds that the UK is relatively poorly endowed in many professional skills in comparison to sales and clerical skills. Higher education, however, is found to be a source of comparative advantage. Copyright 1993 by Blackwell Publishing Ltd

Suggested Citation

  • Webster, Allan, 1993. "The Skill and Higher Educational Content of UK Net Exports," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 55(2), pages 141-159, May.
    • Handle: RePEc:bla:obuest:v:55:y:1993:i:2:p:141-59
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    Citations

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    Cited by:

    1. Gabszewicz, J. & Turrini, A., 2000. "Workers' skills, product quality and industry equilibrium," International Journal of Industrial Organization, Elsevier, vol. 18(4), pages 575-593, May.
    2. Lal Almas & Nazim Hajiyev, 2014. "Azerbaijan’s Current and Potential Comparative Advantage: An Exploratory Study," Journal of Agricultural Science, Canadian Center of Science and Education, vol. 6(11), pages 1-74, October.
    3. Keith E. Maskus & Allan Webster, 1995. "Factor Specialization in U.S. and U.K. Trade: Simple Departures from the Factor-content Theory," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 131(III), pages 419-439, September.
    4. Jean Gabszewicz & Alessandro Turrini, 1999. "Workers' Skills and Product Selection," Revue Économique, Programme National Persée, vol. 50(3), pages 383-391.
    5. Zeddies, Götz, 2011. "Factor Content of Intra-European Trade Flows," IWH Discussion Papers 6/2011, Halle Institute for Economic Research (IWH).
    6. Cörvers F. & Reininga T., 1998. "The Dutch Factor Content of Human and Physical Capital: A Test of the HOV Model," ROA Research Memorandum 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    7. Keith Maskus & Catherine Sveikauskas & Allan Webster, 1994. "The composition of the human capital stock and its relation to international trade: Evidence from the US and Britain," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 130(1), pages 50-76, March.
    8. Emanuele Bacchiega & Antonio Minniti, 2015. "Training and Product Quality in Unionized Oligopolies," Economica, London School of Economics and Political Science, vol. 82, pages 1261-1301, December.
    9. Bilanakos, Christos & Heywood, John S. & Sessions, John & Theodoropoulos, Nikolaos, 2018. "Does demand for product quality increase worker training?," Journal of Economic Behavior & Organization, Elsevier, vol. 155(C), pages 159-177.
    10. Emanuele Bacchiega, 2007. "Wage bargaining and vertical differentiation," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 54(1), pages 35-52, March.
    11. BACCHIEGA, Emanuele, 2004. "Vertical differentiation, wage bargaining and intra-industry trade liberalization," LIDAM Discussion Papers CORE 2004028, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    12. Alain Gallais & Bernard Gautier, 1994. "Structure des qualifications et échanges extérieurs français," Économie et Statistique, Programme National Persée, vol. 279(1), pages 35-46.
    13. Manuel Cabral & Rod Falvey & Chris Milner, 2009. "Does Skill Content Explain Total Trade and Intra‐Industry Trade?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(5), pages 601-619, October.
    14. Alessandro Turrini, 2000. "High-quality bias in vertically differentiated oligopolies—a note on skills, trade, and welfare," Journal of Economics, Springer, vol. 71(2), pages 133-147, June.
    15. Bilanakosa, Christos & Heywood, John S. & Sessions, John & Theodoropoulos, Nikolaos, 2017. "Worker Training and Quality Competition," GLO Discussion Paper Series 137, Global Labor Organization (GLO).
    16. Hasnat, Baban, 2002. "The impact of core labour standards on exports," International Business Review, Elsevier, vol. 11(5), pages 563-575, October.
    17. Allan Webster & Philip Hardwick, 2005. "International trade in financial services," The Service Industries Journal, Taylor & Francis Journals, vol. 25(6), pages 721-746, September.
    18. Widell, Lars, 2005. "On Measurements of the Factor Content of Trade: - The Case of Sweden," Working Papers 2005:7, Örebro University, School of Business.
    19. Cörvers, Frank & Reininga, T., 1998. "The Dutch factor content of human and physical capital: a test of the HOV model," ROA Research Memorandum 1E, Maastricht University, Research Centre for Education and the Labour Market (ROA).

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