منابع مشابه
Factor Endowments, Democracy, and Trade Policy Divergence
We develop a stochastic model of electoral competition in order to study the economic and political determinants of trade policy. We model a small open economy with two tradable goods, each of which is produced using a sectorspecific factor (e.g., land and capital) and another factor that is mobile between these tradable sectors (labor); one nontradable good, which is also produced using a spec...
متن کاملDo Factor Endowments Matter for North-North Trade?
The central paradigm of world trade patterns divides this into two elements. Trade between North and South is viewed as determined by traditional comparative advantage, largely determined by differences in endowment patterns. Trade within the North is viewed as determined by specialization due to economies of scale and product differentiation. In this paper, we will argue that this division is ...
متن کاملNeutrality of the Regulated Price Shock on Price Indices When All Primary Factors’ Endowments Are Adjusted
The regulated price policy may be implemented for some products. It is generally implemented for some products such as electricity, natural gas, water and so on that are supplied as monopolist. The regulated price shock on these products may lead to an adjustment in the endowments of primary factors. The aim of this paper is to investigate the effects of a regulated price shock on price indices...
متن کاملThe Determinants of Capital Intensity in Manufacturing: The Role of Factor Endowments and Factor Market Imperfections
In this study, we look at the determinants of industry-level capital intensities. Using cross-country data, we find that the most important determinant is a country’s factor endowment. In addition, we find that measures of labor regulation and financial development also matter: less restrictive labor regulations and greater financial development are associated with lower and higher capital-inte...
متن کاملThe Role of Nonprofit Endowments
We consider the role of the endowment in nonprofit organizations. Nonprofit managers often describe the endowment, or fund balance, as serving a precautionary savings function. We provide a description of endowment size, for nonprofit organizations in a wide range of industries in the United States, and find that a large number of organizations have endowments that exceed levels that would norm...
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ژورنال
عنوان ژورنال: Revista de Historia Económica / Journal of Iberian and Latin American Economic History
سال: 2010
ISSN: 0212-6109,2041-3335
DOI: 10.1017/s0212610909990048