데이터 재구성과 모델 변경을 통한 Factor Content of Trade 모델에 관한 연구 = A Research on the Modifications of the Factor Content of Trade Model with Data Reconstruction

다국어 초록 (Multilingual Abstract)

Some trade economists use the factor content of trade model to prove the Heckscher-Ohlin-Vanek (HOV) model. The current empirical methodology known as the factor content of trade model is amain stream especially for the supply-side determinants of trade. A research by Davis and Weinstein (2001) is a forerunner regarding the factor content of trade model with twisting and turning the original HOV model. This paper studies the modified factor content of trade model by using new and amended methodologies. This paper modifies the original HOV model and the pair-wise HOV model by using different methodologies. And, when we construct our database, we use the data from the OECD IO, the OECD STAN, and the ISDB. By overcoming previous errors when we construct data, we can get solid database. These are contributions of this paper. The Sign test, using the pair-wise HOV model and assuming that all countries have the same technology as Germany`s technology, has the best result. And, we have the best Slope test`s result when we use the original HOV model assuming that technologies are the same as the US` technology with data of the US and European countries. We get the best result of the Variance ratio test when we use the pair-wise HOV model with the US` technology. By twisting and turning the original HOV model and the pair-wise HOV model with data reconstruction, we get better results than previous researches regarding the factor content of trade model