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This paper presents a model of international portfolio choice based on cross-country differences in relative factor abundance. Countries have varying degrees of similarity in their factor endowment ratios, and are subjec...Read more...
Alejandro Cu?at and Christian Fons-Rosen
July 2008
The paper explores the determinants of industry location across interwar Poland. After more than 120 years of political and economic separation, Poland was reunified at the end of 1918. In consequence, its industry faced...Read more...
Nikolaus Wolf
January 2004
A key feature of OECD economic growth since the early 1970s has been the secular decline in manufacturing's share of GDP and the secular rise of service sectors. This paper examines the role played by relative prices, t...Read more...
Stephen Nickell, Stephen J. Redding and Joanna Swaffield
September 2002
This paper analyses patterns of production across 14 industries in 45 regions from 7 European countries since 1975. We estimate a structural equation derived directly from Heckscher-Ohlin theory that relates an industry'...Read more...
Stephen J. Redding and Mercedes Vera-Martin
July 2001
The theoretical literature on trade and growth suggests that comparative advantage is endogenous and evolves over time. However, most empirical analysis of international trade flows is essentially static in nature. This ...Read more...
Stephen J. Redding
January 2000