Were Trade and Factor Mobility Substitutes in History?
Posted: 14 Jan 1998
Date Written: 1997
Trade theorists have come to understand that their theory is ambiguous on the question : are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill the gap.
JEL Classification: F1, F2, N7
Suggested Citation: Suggested Citation