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Specialization, Factor Accumulation and Development / Doireann Fitzgerald, Juan Carlos Hallak.
- Format:
- Book
- Author/Creator:
- Fitzgerald, Doireann.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w10638.
- NBER working paper series no. w10638
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2004.
- 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 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.
- Notes:
- Print version record
- July 2004.
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