Does globalization widen inequality or increase income risk? Globalization amplifies the effect of idiosyncratic relative productivity shocks. But wider markets reduce the effect of economy-wide supply shocks on world prices. Both forces are at work in the specific factors continuum model of this paper. Ex post equilibrium exhibits positive (negative) premia for export (import-competing) sector...

Purpose Research based on Bangladesh–US trade data examines the Heckscher–Ohlin model and Rybczynski hypothesis in this study. Design/methodology/approach Ordinary least square (OLS) techniques are used study, which relies from NBER International Trade Geography Data UN Comtrade Database for years 2018 2008. Findings The research shows that between United States Bangladesh follows Rybcyzinski's...

Environmental regulation is an effective tool to control environmental problems caused by foreign trade. Research conclusions are inconsistent on the relationship between regulations and exports. Based Heckscher-Ohlin-Vanek model, this paper provides empirical analysis for examination effect of manufacturing exports, adopting panel data 16 sectors from China’s during 2005-2015. Material capital...

The impact of international trade on domestic growth is revisited in a model with dynamic externalities and static increasing returns to scale. The model embraces features of both classical and new growth and trade theories, allows for learning by doing, and integrates several strains of thought in a general equilibrium with two regions. In contrast to previous work, the model shows that intern...

The promotion of human welfare is undoubtedly one of the greatest challenges of economic development. To achieve this, many developing countries adopted trade liberalisation in the late 1980s, premised on the theoretical evidence based on the definitive Heckscher-Ohlin theory which predicts gains for the poor. The empirical support for this theory, however, is at best mixed. This paper employs ...