An empirical analysis of the leontief paradox in us agricultural trade
Chinkook Lee, Darryl Wills, Gerald Schluter
Abstract
Chinkook Lee, Darryl Wills, Gerald Schluter
Abstract
The labor, land, and capital intensities of US agricultural trade during 1982 are examined through an input-output model. The empirical findings indicate that factor endowments are important determinants of US agriculture's comparative advantage in international trade. In contrast to the Leontief Paradox, US agricultural exports tend to be more land and capital intensive while agricultural imports are more labor intensive.
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The labor, land, and capital intensities of US agricultural trade during 1982 are examined through an input-output model. The empirical findings indicate that factor endowments are important determinants of US agriculture's comparative advantage in international trade. In contrast to the Leontief Paradox, US agricultural exports tend to be more land and capital intensive while agricultural imports are more labor intensive.
Key concepts: Economics, Agriculture, Capital (architecture), Comparative advantage, Capital intensity, Contrast (vision), Empirical research, International trade