NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Technique for Indicating Comparative and Perdicting Changes in Trade Ratios

Robert E. Baldwin, R. Spence Hilton

NBER Working Paper No. 1198
Issued in September 1983
NBER Program(s):   ITI   IFM

This paper estimates relative differences in factor prices (and thus industry comparative cost differences) between the United States and each of eight country groups by relating differences in factor-use requirement and actual bilateral export/import ratios across industries. Predictions concerning changes in industry export/import ratios are also made (and tested against actual subsequent changes) by comparing these trade ratios with those expected on the basis of the estimated average differences infactor costs and assuming that adjustment lags are the major reason for the differences between these ratios.

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Document Object Identifier (DOI): 10.3386/w1198

Published: Baldwin, Robert E. and R. Spence Hilton. "A Technique for Indicating Comparative Costs and Predicting Changes in Trade Ratios," The Review of Economics and Statistics, Vol. LXVI, No. 1, February 1984, pp. 105-110.

 
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