Paths of development and wage variations

研究成果: Article

4 引用 (Scopus)

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In analyzing the relationship between factor endowments and sectoral per capita output (the paths of development), it was shown empirically that the number of cones was neither one nor three but two, and that all countries fall into one of these two cones. This is a puzzle, because it is inconsistent with large wage variations across economies. This paper attempts to solve this puzzle, introducing complete and incomplete specialization into a multiple-cone model. Empirical results reveal that the two-cone Heckscher-Ohlin (HO) model can be consistent with HO specialization and wage variations across economies.

元の言語English
ページ(範囲)697-717
ページ数21
ジャーナルReview of International Economics
19
発行部数4
DOI
出版物ステータスPublished - 2011 9 1
外部発表Yes

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development

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