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Title: Factor Returns, Institutions, and Geography: A View From Trade

Citation Type: Miscellaneous

Publication Year: 2007

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Abstract: We show that estimated productivities of labor and capital which rationalize trade flows across countries are related to total factor productivities which rationalize output differences across countries. We present evidence that these productivies from trade flows are related to the institutions and geography across countries. Protection of property rights is the dominant influence on both labor and capital productivity. We also address whether these institutions have a differential effect on those with relatively less education. We find little evidence that more property rights protection has a differential impact on skilled workers relative to unskilled workers. Evidence concerning democracy 1 is not compelling. Geography is only important in terms of distance to a large market. Acknowledgement 1 We thank Daron Acemoglu, William Dougan, Stanley

Url: http://jerrydwyer.com/pdf/trade.pdf

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Authors: Baier, Scott L; Dwyer, Gerald P; Tamura, Robert

Publisher: Clemson University

Data Collections: IPUMS USA

Topics: Education, Labor Force and Occupational Structure, Migration and Immigration

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