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| Ciaian, Pavel; Kancs, d'Artis; Pokrivcak, Jan. |
| The present study examines factor content in the CEE transition country agricultural trade. However, deviating from the traditional approach, we do not test the HOV prediction. Instead, we examine the theoretical predictions that relate the factor content of international trade to cross-country differences in technology and endowments. Our empirical findings suggest that factor content between agricultural exports and imports is rather similar in CEE. In order to explain the general lack of the CEE agricultural specialisation and the observed paradox, we attempt to identify the role of transaction costs and market imperfections in determining factor content in agricultural production and trade. We find that technological differences and factor endowment... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Comparative Advantage; Transaction Cost; Factor Content; Trade; International Relations/Trade. |
| Ano: 2008 |
URL: http://purl.umn.edu/44135 |
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