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Putting Theory to the Test: Empirical Studies

  • W. M. Scammell
Chapter

Abstract

Any final chapter of a theory section must assess the value of theory but, at the risk of becoming a rag-bag or a last-minute assortment of odds and ends, it must include such topics as have not fitted happily into the general arrangement of the material which has preceded it. Three largely unrelated matters are included in this chapter. We have dealt with two broad lines of development in trade theory: the classical theory, based on comparative costs, and the development of factor endowment analysis, summed up and suggested by the Heckscher-Ohlin theorem. Some further but brief discussion of the relation of these two strands is appropriate. This is our first task.

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Notes

  1. 1.
    I. F. Pearce, International Trade, Book II (London: Macmillan, 1970 ), p. 616.Google Scholar
  2. 20.
    R. Bharadwaj, Factor Proportions and the Structure of India-United States Trade’, Indian Economic Journal (October 1962).Google Scholar
  3. 28.
    W. P. Travis, The Theory of Trade and Protection ( Cambridge, Mass.: Harvard University Press, 1964 ).Google Scholar
  4. 29.
    See W. Leontief, ‘Factor Proportions and the Structure of American Trade: Further Theoretical and Empirical Analysis’, Review of Economics and Statistics (November 1956).Google Scholar
  5. 32.
    J. Viner, Studies in the Theory of International Trade ( London: Allen amp; Unwin, 1938 ), p. 558.Google Scholar
  6. 33.
    F. W. Taussig, International Trade (New York, 1927), p. 113, and The Change in Great Britain’s Trade Terms After 1900’, EJ, Vol. 35, 1925.Google Scholar
  7. 34.
    Haberler, International Trade (Kelley’s Reprint Edition, 1968), pp. 161–6, and Viner, Studies in the Theory of International Trade pp. 562–4.Google Scholar

Copyright information

© W. M. Scammell 1974

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  • W. M. Scammell

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