An Estimatable Model of the Commodity Version of Trade |
Common terms and phrases
aggregation assumed assumptions autarky Baldwin bilateral trade binary dependent variable Canada chi-square statistic Cobb-Douglas commodity group commodity version constant term continuous dependent variable costs of production differences between countries different from zero domestic East Asia empirical equation error term estimated coefficients estimation model existence factor abundance factor content factor intensities factor price differences factor price equalization factor shares factors of production Four-Digit Heckscher-Ohlin theorem HO theorem inputs j-th commodity land and natural Leamer and Bowen Leontief Manufacturing Commodities multilateral natural resources non-FPE non-traded commodities null hypothesis observed output parameter estimates physical factor presented probit model production functions ratio relative difference relative factor price relative unit costs return to capital skilled labor South Asia tariffs and transport tion trade cost trade data trade theory trade vector transport costs two-digit UC UC unit cost differences unskilled labor Σ Θ