期刊名称：Discussion Papers / Ibero America Institute for Economic Research (IAI)
出版年度：2007
卷号：2007
出版社：Ibero America Institute for Economic Research
摘要：In this paper we assess the current relevance of Ricardian
theory. Relative prices, labor costs, and productivity are evaluated as
determinants of a country’s international competitiveness at the industry level.
Working with detailed data on unit values and with industry data on
productivity, we empirically implement a MacDougall-type model for Spanish and
French trade to Brazil, China, Japan, and the U.S.. The period under study is
1980 to 2001 and we distinguish in our analysis between homogenous,
reference-priced, and differentiated goods. Our results indicate that Ricardian
theory is currently only valid for explaining trade with developing countries
while other factors are of importance for developed economies. Overall price
competitiveness is of importance, but for differentiated goods, factors distinct
from prices seem to determine export success.
