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Specialization, factor accumulation and development

Author: Doireann Fitzgerald; Juan Carlos Hallak; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2004.
Series: Working paper series (National Bureau of Economic Research), no. 10638.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"We estimate the effect of factor proportions on the pattern of manufacturing specialization in a cross-section of OECD countries, taking into account that factor accumulation responds to productivity. We show that the failure to control for productivity differences produces biased estimates. Our model explains 2/3 of the observed differences in the pattern of specialization between the poorest and richest OECD  Read more...
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Additional Physical Format: Print version:
Fitzgerald, Doireann.
Specialization, factor accumulation and development.
Cambridge, Mass. : National Bureau of Economic Research, ©2004
(OCoLC)56560982
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Doireann Fitzgerald; Juan Carlos Hallak; National Bureau of Economic Research.
OCLC Number: 57016001
Notes: "July 2004."
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (24, [10] pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), no. 10638.
Responsibility: Doireann Fitzgerald, Juan Carlos Hallak.

Abstract:

"We estimate the effect of factor proportions on the pattern of manufacturing specialization in a cross-section of OECD countries, taking into account that factor accumulation responds to productivity. We show that the failure to control for productivity differences produces biased estimates. Our model explains 2/3 of the observed differences in the pattern of specialization between the poorest and richest OECD countries. However, because factor proportions and the pattern of specialization co-move in the development process, their strong empirical relationship is not sufficient to determine whether specialization is driven by factor proportions, or by other mechanisms also correlated with level of development"--NBER website.

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