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  • 标题:Home-Biased Demand and International Specialisation : A Test of Trade Theories
  • 本地全文:下载
  • 作者:Marius Brülhart ; Federico Trionfetti
  • 期刊名称:DEEP Cahiers de Recherches Économiques / Université de Lausanne
  • 出版年度:1999
  • 期号:19
  • 出版社:Université de Lausanne
  • 摘要:We develop and apply a discriminating criterion to distinguish the two principal paradigms of international trade theory: constant-returns perfectly competitive models on the one hand, and increasing-returns monopolistically competitive models on the other. Our criterion rests on the existence of home-biased demand. It predicts a positive relationship between countries' relative output and their relative home bias in increasing-returns sectors, and no relationship in constant-returns sectors. In implementing the test on data for OECD countries we find that industries accounting for up to two thirds of manufacturing output conform to the increasing-returns monopolistically competitive model.
  • 关键词:International specialisation; home-market effect; increasing returns
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