The chain version of comparative advantage: An empirical investigation

Article Abstract:

The chain version of the Hecksher--Ohlin (H-O) theorem is tested empirically for the first time by using data on capital and labor endowments and the capital/labor intensities by sector combined with export/import data for the US. An almost perfect concordance is found between net trade flows and endowments as predicted by theory.

United States, Foreign trade, International trade, United States economic conditions

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On the (Ir) relevance of distribution and labor supply distortion to government policy

Article Abstract:

An argument that two asserted difficulties does not have commonly assumed implications and that economists' traditional principles provide useful benchmark for policy analysis are presented. It is suggested that it is most helpful to contemplate policy experiments that consist of underlying policies.

Public Finance Activities, Tax Administration, Analysis, Tax administration and procedure, Tax policy

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Measuring the market power in the ceramic tile industry: An international comparison

Article Abstract:

The extent of competition faced by Spanish as well as Italian ceramic exporters in many European Union member states was studied. It was found that Italian manufacturers faced severe competition while Spanish exporters had substantial market penetration.

Europe, Labor force information, Structural Clay Products, Employment, Comparative analysis, Ceramic industry

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