Discuss the available empirical evidence on the Heckscher-Ohlin theorem.
The essay should not exceed 1,500 words (excluding bibliography/references). In all essays CREDIT WILL BE GIVEN for the appropriate application of the relevant ECONOMIC ANALYSIS!!!
Below is provided a suggested list of references:
** Feenstra and Taylor, Chapter 4. Deardorff, Alan V. (2002), “Introduction to the Lerner Diagram”, mimeo, University of Michigan, available from https://www-personal.umich.edu/~alandear/writings/Lerner.pdf Deardorff, Alan V. (2002), “Introduction to two-cone HO equilibrium”, mimeo, University of Michigan, available from https://www-personal.umich.edu/~alandear/writings/Two-Cones.pdf Haskel, Lawrence, Leamer and Slaughter (2012), “Globalization and US wages: Modifying classic theory to explain recent facts”, Journal of Economic Perspectives 26(2): 119-140, available from https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.26.2.119
Robert C. Feenstra and Alan M. Taylor (2014), International Economics 3rd edition, Palgrave MacMillan.
Appleyard and Field (2013), International Economics, 8th Edition, McGraw Hill. Krugman, Obstfeld and Melitz (2014), International Economics: Theory and Policy, 10th Edition, Pearson. Philip King and Sharmila King (2009), International Economics, Globalization, and Policy: A Reader, 5th Edition, McGraw Hill.
The Journal of Economic Perspectives has a recent Symposium on International Trade with four excellent papers (two of these are on the reading list below, but the other two are also well-worth reading): https://www.aeaweb.org/issue.php?journal=JEP&volume=26&issue=2&mode=Single
A highly entertaining (and useful) website is Alan Deardorff’s Glossary of International Economics, especially the diagrams which can be found by clicking on the Figs link on the left: https://www-personal.umich.edu/~alandear/glossary/
The World Trade Organisation’s website has an excellent Statistics section which gives details on the international trade activities of nations around the world: https://www.wto.org/english/res_e/statis_e/statis_e.htm
Starting from here on, references provided below are provided here to for supporting purposes (therefore, they can be used as well in the analysis. However, the basis of the essay is suggested to be based around the sources provided above, as well as some directly related articles that the writer would think to be useful for the analysis):
** Feenstra and Taylor, Chapter 3. Jones, R. W. (2012), “The specific factors model”, mimeo, University of Rochester, available from https://www.econ.rochester.edu/people/jones/Specific_Factors_Model.pdf
** Feenstra and Taylor, Chapters 1 and 2. Deardorff, Alan V. (2003) “Introduction to comparative advantage”, mimeo, University of Michigan, available from https://www-personal.umich.edu/~alandear/writings/CompAdv3.pdf. * Krugman, Paul (1996), “Ricardo’s difficult idea”, paper for Manchester conference on free trade, available from https://web.mit.edu/krugman/www/ricardo.htm. * Samuelson, Paul (2004), “Where Ricardo and Mill rebut and confirm arguments of mainstream economists supporting globalization”, Journal of Economic Perspectives 18(3): 135-146, available from https://pubs.aeaweb.org/doi/pdfplus/10.1257/0895330042162403
** Feenstra and Taylor, Chapter 5. Freeman, Richard B. (2006), “People flows in globalization”, Journal of Economic Perspectives 20(2): 145-170, available from https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.20.2.145
** Feenstra and Taylor, Chapter 6 Krugman, Obstfeld and Melitz (2014), International Economics, 10th Edition, Chapter 8. Deardorff, Alan V. (2003), “Introduction to external increasing returns”, mimeo, University of Michigan, available at https://www-personal.umich.edu/~alandear/writings/EIRS.pdf. Krugman, Paul (1979), “Increasing returns, monopolistic competition, and international trade”, Journal of International Economics 9(4): 469-479 (available online from Science Direct at https://www.sciencedirect.com/science/article/pii/0022199679900175). * Krugman, Paul (1980), “Scale economies, product differentiation, and the pattern of trade”, American Economic Review 70(5): 950-959, available from JSTOR: https://www.jstor.org/stable/1805774). Krugman, Paul (2009), “The increasing returns revolution in trade and geography”, American Economic Review 99(3): 561-571, available online at the AEA website: https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.99.3.561. Head, Keith (2003), “Gravity for beginners”, mimeo, University of British Columbia, available from https://faculty.arts.ubc.ca/nmalhotra/490/Articles/KHead%20on%20gravity.pdf
** Feenstra and Taylor, Chapter 7. Blinder, Alan S. (2006), “Offshoring: The next industrial revolution?”, Foreign Affairs, 85(2): 113-128, available online at https://www.global-tradelaw.com/Blinder.Offshoring%20(Foreign%20Affairs,%20March-April%202006).pdf
Smith, David (2006), “Offshoring: Political myths and economic reality”, World Economy, 29(3): 249256, available online at https://onlinelibrary.wiley.com/doi/10.1111/j.1467-9701.2006.00781.x/pdf Feenstra, Robert C. (1998), Integration of trade and disintegration of production in the global economy, Journal of Economic Perspectives, 12(4): 31-50, available online at https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.12.4.31
Reading ** Krugman, Paul (1991), Geography and Trade, Cambridge, MA, MIT Press. * Krugman, Obstfeld and Melitz (2012), International Economics: Theory and Policy, Pearson, Chapter 8. * Brakman, Garretsen, van Marrewijk and van Witteloostuijn (2006), Nations and firms in the global economy, Cambridge University Press, Chapter 5. Krugman, Paul (1998), “Space: The final frontier”, Journal of Economic Perspectives 12(2): 161-174, available from https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.12.2.161 Markusen, James R. (1995), “The boundaries of multinational enterprises and the theory of international trade”, Journal of Economic Perspectives 9(2): 169-189, available from https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.9.2.169 Melitz, Marc J. And Daniel Trefler (2012), “Gains from trade when firms matter”, Journal of Economic Perspectives 26(2): 91-118, available from https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.26.2.91
Reading ** Feenstra and Taylor, Chapter 8. Feenstra, Robert C. (1992), “How costly is protectionism?”, Journal of Economic Perspectives, 6(3): 159-178, available online at https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.6.3.159
Reading ** Feenstra and Taylor, Chapter 9.
Slaughter, Matthew J. (2004), “Infant industry protection and trade liberalization in developing countries”, USAID Report, available online at https://www.nathaninc.com/sites/default/files/Infant%20Industries%20Paper%20(Final).pdf
** Feenstra and Taylor, Chapters 10 and 11. Krugman, Paul (1987), “Is free trade passé?” Journal of Economic Perspectives, 1(2): 131-144, available online at https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.1.2.131
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