Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries

Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries

In the classic literature of multi-sector small open economy, there are two, competing hypotheses on growth. Findlay and Grubert (1959) showed that productivity growth in one sector affects the factor intensity of all sectors. Rybczynski (1955) presents the long run growth effects of endowment accum...

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Main Author: Kee, Hiau Looi
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Neoclassical Models of Trade F110
Economic Growth of Open Economies F430
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change
Industrial Price Indices L160
Measurement of Economic Growth
Aggregate Productivity
Cross-Country Output Convergence O470
Online Access:http://hdl.handle.net/10986/5899
id okr-10986-5899
recordtype oai_dc
spelling okr-10986-58992021-04-23T14:02:23Z Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries Kee, Hiau Looi Neoclassical Models of Trade F110 Economic Growth of Open Economies F430 Industrial Organization and Macroeconomics: Industrial Structure and Structural Change Industrial Price Indices L160 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 In the classic literature of multi-sector small open economy, there are two, competing hypotheses on growth. Findlay and Grubert (1959) showed that productivity growth in one sector affects the factor intensity of all sectors. Rybczynski (1955) presents the long run growth effects of endowment accumulations. Focusing on the most open small economy, this paper tests the two hypotheses directly by estimating the relative contributions at the industry level for Singapore. Results suggest that productivity contributes more in the electronics industry, but domestic endowments matter more in other industries. This paper is also the first to present evidence on the Findlay-Grubert effect by showing that the productivity growth of the electronics industry pushes up the capital-labor ratios of all industries. 2012-03-30T07:35:05Z 2012-03-30T07:35:05Z 2009 Journal Article Journal of International Trade and Economic Development 09638199 http://hdl.handle.net/10986/5899 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Singapore
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language EN
topic Neoclassical Models of Trade F110
Economic Growth of Open Economies F430
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change
Industrial Price Indices L160
Measurement of Economic Growth
Aggregate Productivity
Cross-Country Output Convergence O470
spellingShingle Neoclassical Models of Trade F110
Economic Growth of Open Economies F430
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change
Industrial Price Indices L160
Measurement of Economic Growth
Aggregate Productivity
Cross-Country Output Convergence O470
Kee, Hiau Looi
Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries
geographic_facet Singapore
relation http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description In the classic literature of multi-sector small open economy, there are two, competing hypotheses on growth. Findlay and Grubert (1959) showed that productivity growth in one sector affects the factor intensity of all sectors. Rybczynski (1955) presents the long run growth effects of endowment accumulations. Focusing on the most open small economy, this paper tests the two hypotheses directly by estimating the relative contributions at the industry level for Singapore. Results suggest that productivity contributes more in the electronics industry, but domestic endowments matter more in other industries. This paper is also the first to present evidence on the Findlay-Grubert effect by showing that the productivity growth of the electronics industry pushes up the capital-labor ratios of all industries.
format Journal Article
author Kee, Hiau Looi
author_facet Kee, Hiau Looi
author_sort Kee, Hiau Looi
title Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries
title_short Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries
title_full Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries
title_fullStr Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries
title_full_unstemmed Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries
title_sort findlay-grubert versus rybczynski : testing growth hypotheses in classic trade theories using singapore's industries
publishDate 2012
url http://hdl.handle.net/10986/5899
_version_ 1764396708510302208

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