Using home-biased demand to test trade theories

被引：25

作者：

Trionfetti, F ^{[1
]}

机构：

[1] Kings Coll London, Ctr Management, London SE1 9NN, England

来源：

WELTWIRTSCHAFTLICHES ARCHIV-REVIEW OF WORLD ECONOMICS | 2001年 / 137卷 / 03期

关键词：

D O I：

10.1007/BF02707624

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using Home-Biased Demand to Test Trade Theories. - This paper proposes a discriminating hypothesis that distinguishes between two paradigms of international trade: (1) constant returns and perfect competition (CRS-PC) and (2) increasing returns and monopolistic competition (IRS-MC). The discriminating hypothesis rests on the different degree of home bias among "consumers." It predicts a positive relationship between a country's share in world output and a country's share in the world home-biased expenditure if the sector is IRS-MC and no relationship if the sector is CRS-PC. Accordingly, 7 sectors (covering 54.86 per cent of industrial output) of the eight countries under investigation were associated with the IRS-MC and 10 sectors (41.15 per cent) with the CRS-PC paradigm. JEL no. F10.

引用

页码：404 / 426

页数：23