International trade and cross-country capital composition

摘要: Most of the world’s equipment is produced in a small number rich countries. In 1996, countries top decile cross-country income distribution 61% world and bottom only 0.2%. Rich poor also differ their dependence on imports for equipment. imported more than half Structures, other hand, are largely domestically produced. World pattern production trade structures potentially an important determinant composition capital across The differs significantly constituted over 21% 5 richest 8% poorest While capital-output ratio was factor 6 between countries, less 2. this dissertation, I determine quantitative relationship international composition. I, then, utilize results to examine implications economic development. starting point my analysis multi-country model goods. There three tradable sectors: equipment, intermediate Countries average level productivity each sectors. International subject bilateral iceberg costs, which comprise tariff non-tariff barriers trade. theoretical implies that function country-specific parameters