Specialization, factor accumulation and development
By: Doireann Fitzgerald, Juan Carlos Hallak.
Contributors: Hallak, Juan Carlos.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10638; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10638.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Factors of production -- OECD countries.; Manufacturing industries -- OECD countries.
Description: "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"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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