Konferenzbeitrag
Reaping the Gains: Specialization and Capital Flows
This paper gives a new answer to the old question of whether international trade and capital flows are substitutes or complements. In contrast to conventional intuition, we show that when Heckscher-Ohlin trade takes place in high-skill and low-skill intensive goods, this does create incentives for capital flows. Technically, we incorporate capital as a composite factor in a tractable 3-factor neoclassical trade model. It shows that countries for whom trade induces greater trade specialization observe larger capital inflows. By using data on revealed comparative advantage while controlling for common factors, we provide emprical evidence for our results.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: International Trade III ; No. C08-V1
- Klassifikation
-
Wirtschaft
Neoclassical Models of Trade
International Investment; Long-term Capital Movements
Empirical Studies of Trade
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schwab, Jakob
Ortseifer, Christina
- Ereignis
-
Veröffentlichung
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Schwab, Jakob
- Ortseifer, Christina
Entstanden
- 2015
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