Multicountry, Multifactor Tests of the Factor Abundance Theory

  • Bowen H
  • Leamer E
  • Sveikauskas L
  • 77

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Abstract

The Heckscher-Ohlin-Vanek model predicts relationships among industry input requirements, country resource supplies, and international trade in commodities. These relationships are tested using data on twelve resources, and the trade of twenty-seven countries in 1967. The Heckscher-Ohlin propositions that trade reveals gross and relative factor abundance are not supported by these data. The Heckscher-Ohlin-Vanek equations are also rejected in favor of weaker models that allow technological differences and measurement errors.

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Authors

  • Harry P. Bowen

  • Edward E. Leamer

  • Leo Sveikauskas

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