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- Hamilton, Carl
(författare)
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Australian Manufacturing Industry During the 1970s : An International Comparison and Implications for the ASEAN Countries
- 1983
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- One of the arguments for trade is that is enables countries to specialise in production of goods in which they have comparative advantage, eg in the Heckscher-Ohlin-Samuelson model. Regarding consumption, trade allows countries to consumer more of (a larger number of) goods than it would have under autarky. In this paper we start off by looking into these very basic propositions with an emphasis on Australia's structural change in manufacturing production 1970-79 compared with other industrialized countries. As a result of this investigation we extended the analysis to the demand side and the ASEAN countries. Thus in sections III:3 and IV:1 the link between home demand and domestic manufacturing production is analysed and compared between different developed and ASEAN countries. ASEAN coutnries' situation vis-a-vis Australia is focussed upon specifically in section IV not least with regard to textile, clothing and footwear. the paper ends with a summary in section V. When investigating the validity of the Heckscher-Ohlin-Samuelson model's predictions for trade pattern, one limits oneself to commodities where labour and capital are principal factors of production. This avoids natural resource intensive commodities on the assumption that the location of that type of production is determined by countries' endowments of particular natural resources. Eg Krueger (1977) concludes on empirical testing "that a meaningful interpretation of the Heckscher-Ohlin-Samuelson model must lie within the manufacturing sector in a world of many countries. Once the focus is so shifted, it becomes immediately apparent that the Heckscher-Ohlin-Samuelson predictions are more likely to be borne out in patterns of specialization within manufacturing [production) than in comparisons of factors proportions in the exporting and import competing industries" (p. 43).
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- Hamilton, Carl, et al.
(författare)
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Testing Theories of Trade Among Many Countries
- 1982
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- The objective with this paper is to test the factor proportions of trade applying the framework of Ronald jones (1974) and Anne Krueger (1977). Krueger, unsatisfied with the standard way of interpreting Heckscher-Ohlin-Samuelson (HOS) model in empirical testing, concludes "that a meaningful interpretation of the HOS model must lie within the manufacturing sector in a world of many countries. Once focus is so shifted, it becomes immediately apparent that the HOS predictions are more likely to be borne out in patterns of specialization within manufacturing [production] than in comparison of factor proportions in the exporting and importing-competing industries" (p. 43). What distinguishes this paper particularly from other empirical studies is that we use production and consumption data in addition to trade data. This enables us to test some additional hypotheses about international trade production and consumption.
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