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Leontief paradox and the role of factor intensity measurement

Kwok, Yun-kwong and Yu, Eden S. H. 2005, Leontief paradox and the role of factor intensity measurement, in ACE 05 : Proceedings of the Australian Conference of Economists 2005, Blackwell, Carlton, Vic..

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Title Leontief paradox and the role of factor intensity measurement
Author(s) Kwok, Yun-kwong
Yu, Eden S. H.
Conference name Australian Conference of Economists (34th : 2005: Melbourne, Vic.)
Conference location Melbourne, Vic.
Conference dates 26-28 Sep. 2005
Title of proceedings ACE 05 : Proceedings of the Australian Conference of Economists 2005
Editor(s) Dixon, Robert
Publication date 2005
Conference series Australian Conference of Economists
Publisher Blackwell
Place of publication Carlton, Vic.
Keyword(s) Leontief paradox
factor content of trade
relative factor price differences
Summary In contrast with the prediction of the Heckscher-Ohlin (HO) theorem, Leontief (1953) found that the capital-labor ratio embodied in the US exports is smaller than the capital-labor ratio embodied in the US competitive import replacements. In Leontief's analysis, the measured factor content of US imports is computed based on the assumption that all countries are using the US factor intensity techniques. This paper relaxes all assumption of identical factor intensity techniques. It uses an inferring method to infer the factor intensity techniques of different countries based on international relative factor price differences. With the inferred differentiated factor intensity techniques , the Leontief paradox is re-investigated and is found to be either disappeared or eased.
ISBN 0734026080
9780734026088
Language eng
Field of Research 140210 International Economics and International Finance
HERDC Research category E1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30005657

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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