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An Evaluation of Factor Endowments and Protection as Determinants of Japanese and American Foreign Trade

Author

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  • Robert W. Staiger
  • Alan V. Deardorff
  • Robert M. Stern

Abstract

The authors consider the relationship between the factor content of Japanes e and American foreign trade and examine empirically whether discrepa ncies between the Heckscher-Ohlin theoretical predictions and the obs erved patterns of trade can be attributed to protection. The Michigan Model of World Production and Trade is used for computational purpos es. They find some evidence of discrepancies between predicted and ob served trade patterns, but removal of protection either worsens these discrepancies or reduces them by only a small amount. Some possible reasons for the empirical shortcomings of the Heckscher-Ohlin theory are offered in conclusion.

Suggested Citation

  • Robert W. Staiger & Alan V. Deardorff & Robert M. Stern, 1987. "An Evaluation of Factor Endowments and Protection as Determinants of Japanese and American Foreign Trade," Canadian Journal of Economics, Canadian Economics Association, vol. 20(3), pages 449-463, August.
    • Handle: RePEc:cje:issued:v:20:y:1987:i:3:p:449-63
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    Citations

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    Cited by:

    1. 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.
    2. repec:wvu:wpaper:09-03 is not listed on IDEAS
    3. James Cassing & Shuichiro Nishioka, 2015. "Per Capita Income and the Mystery of Missing Trade," Review of International Economics, Wiley Blackwell, vol. 23(3), pages 606-619, August.
    4. Morrow, Peter M. & Trefler, Daniel, 2022. "How do endowments determine trade? quantifying the output mix, factor price, and skill-biased technology channels," Journal of International Economics, Elsevier, vol. 137(C).
    5. Peter M. Morrow & Daniel Trefler, 2017. "Endowments, Skill-Biased Technology, and Factor Prices: A Unified Approach to Trade," NBER Working Papers 24078, National Bureau of Economic Research, Inc.
    6. Donald R. Davis & David E. Weinstein, 2001. "The Factor Content of Trade," NBER Working Papers 8637, National Bureau of Economic Research, Inc.
    7. Keith E. Maskus & Shuichiro Nishioka, 2009. "Development‐related biases in factor productivities and the HOV model of trade," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 42(2), pages 519-553, May.
    8. Robert Stehrer, 2014. "Does the Home Bias Explain Missing Trade in Factors?," wiiw Working Papers 110, The Vienna Institute for International Economic Studies, wiiw.
    9. Debeare, Peter, 2003. "Relative Factor Abundance and Trade," Journal of Political Economy, University of Chicago Press, vol. 111(3), pages 589-610, June.
    10. Andrés Artal‐Tur & Carlos Llano‐Verduras & Francisco Requena‐Silvente, 2010. "Factor productivity differences and missing trade problems in a regional HOV model," Papers in Regional Science, Wiley Blackwell, vol. 89(4), pages 759-776, November.
    11. Demmou Lilas, 2009. "Déterminants et nature des spécialisations Nord-Sud : quelques enseignements tirés de la littérature empirique," Revue d'économie politique, Dalloz, vol. 119(1), pages 71-94.
    12. Trefler, Daniel & Zhu, Susan Chun, 2010. "The structure of factor content predictions," Journal of International Economics, Elsevier, vol. 82(2), pages 195-207, November.
    13. Hakura, Dalia S., 2001. "Why does HOV fail?: The role of technological differences within the EC," Journal of International Economics, Elsevier, vol. 54(2), pages 361-382, August.

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