Though there have been many attempts to extend the Heckscher-Ohlin model in order to account for empirical data, I intend to examine John Romalis’ model of factor proportions and commodity structure. The purpose of this paper is to examine Romalis’ model to see if it is supported by empirical data on trade between China and the United States. In order to do this, I will use data from the 2000 and 2005 U.S. Census trade data CD-ROM to determine if Romalis’ extended Hecksher-Ohlin model of international trade can explain the U.S.-China pattern of trade.
"The Extended Heckscher-Ohlin Model: Patterns of Trade between the U.S. and China,"
Undergraduate Economic Review: Vol. 3:
1, Article 2.
Available at: https://digitalcommons.iwu.edu/uer/vol3/iss1/2