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  1. Comparative advantages in the digital era
    a Heckscher-Ohlin-Vanek approach
    Erschienen: July 2022
    Verlag:  Wiener Institut für Internationale Wirtschaftsvergleiche, Wien

    This paper revisits the Heckscher-Ohlin-Vanek (HOV) theorem and investigates its fit for digital tasks and ICT capital, which both represent endowment factors that are expected to shape the digital transformation. We use a theory-consistent... mehr

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    This paper revisits the Heckscher-Ohlin-Vanek (HOV) theorem and investigates its fit for digital tasks and ICT capital, which both represent endowment factors that are expected to shape the digital transformation. We use a theory-consistent methodology for calculating the measured net factor content of trade (Trefler and Zhu, 2010) and apply it to a unique dataset on digital and non-digital tasks performed in detailed occupations, as well as recent data on ICT capital stocks. Equipped with these data we provide new evidence on the factor-based trade patterns for 25 EU countries and use it to test the HOV theorem. Overall, the performance of the sign test and the rank test is good if not impressive. In 83% of the cases countries are net exporters of those factors with which they are abundantly endowed, with a higher score achieved for digital tasks than for ICT capital. We conclude that the fit of the HOV theorem for highly relevant endowments of the digital era is as good as that of traditional endowment factors.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/272995
    Schriftenreihe: Working paper / wiiw ; 217
    Schlagworte: Heckscher-Ohlin-Vanek theorem; factor content of trade; comparative advantages; digital tasks; ICT capital
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  2. Comparative advantages in the digital era
    a Heckscher-Ohlin-Vanek approach
    Erschienen: [2022]
    Verlag:  Sapienza università di Roma, Roma

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: Version: June 2022
    Schriftenreihe: Working paper / Department of Economics and Law, Sapienza University of Rome ; no. 223 (June 2022)
    Schlagworte: Heckscher-Ohlin-Vanek theorem; factor content of trade; comparative advantages; digital tasks; ICT capital
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  3. Assessing digital leadership
    is the EU losing out to the US?
    Erschienen: March 2023
    Verlag:  Wiener Institut für Internationale Wirtschaftsvergleiche, Wien

    Since Leontief's (1953) seminal work on the factor content of trade, the validity of the Heckscher-Ohlinmodel has been judged not only on the basis of formal tests of the theory but also tested against prior expectation. In this vein, this paper uses... mehr

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    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 666
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    Since Leontief's (1953) seminal work on the factor content of trade, the validity of the Heckscher-Ohlinmodel has been judged not only on the basis of formal tests of the theory but also tested against prior expectation. In this vein, this paper uses the Heckscher-Ohlin-Vanek (HOV) approach to investigate whether supposed US leadership in the digital domain can be traced back to digital task endowments embodied in labour services. In a comparison between EU member states and the US, we find that the latter is more intensive in digital tasks than the EU and that this difference is explained by both an intensity-effect (US occupations being more digital-task intensive) and a structural component (relatively more digital-task intensive occupations). Viewed through the lens of the HOV theorem we find that the US is abundant in digital tasks relative to non-digital tasks, while the opposite is true for the EU. The standard tests for the predictive power of the HOV theorem are high and in line with the results for labour in previous literature.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/278386
    Schriftenreihe: Working paper / wiiw ; 225
    Schlagworte: Comparative advantages; digitalisation; Heckscher-Ohlin-Vanek theorem; digital tasks
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  4. Digital tasks and ICT capital
    methodologies and data
    Erschienen: [2023]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    This report describes the data and documents the data collection and adjustment procedures for a project called 'Comparative Advantage in the Digital Era'. This project uses granular information on the tasks being performed by workers in different... mehr

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    This report describes the data and documents the data collection and adjustment procedures for a project called 'Comparative Advantage in the Digital Era'. This project uses granular information on the tasks being performed by workers in different occupations on the one hand and different asset types of capital on the other hand to pin down comparative advantages in digital tasks and ICT capital. Given the nature of the project, the data work focuses on the adjustment of the underlying occupation and industry-specific employment data and the asset-type and industry-specific capital stock data to match the figures in the Intern-Country Input Output tables. The latter are a key ingredient for the calculation of endowment based comparative advantages. Finally, it explains the Survey on Italian Occupations (Indagine Campionaria sulle Professioni, ICP), a unique database on the characteristics of occupations in the Italian and its US-American counterpart, the O*NET database. The data work documented in this report builds the foundation for the further work of the aforementioned project.

     

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    Quelle: Verbundkataloge
    Sprache: Deutsch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/274047
    Schriftenreihe: Statistical report / WIIW, The Vienna Institute for International Economic Studies ; 11 (January 2023)
    Schlagworte: Employment; capital stocks; digital tasks; ICT capital
    Umfang: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  5. Trade balances and international competitiveness in cyber-physical, digital task-intensive, ICT capital-intensive and traditional industries
    Erschienen: [2023]
    Verlag:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    In this report, we analyse the international competitiveness of the EU in four industry groups over the period 1995-2018. The groups are delineated by specific factor intensities, where these intensities are assessed from digital tasks performed by... mehr

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    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 668
    keine Fernleihe

     

    In this report, we analyse the international competitiveness of the EU in four industry groups over the period 1995-2018. The groups are delineated by specific factor intensities, where these intensities are assessed from digital tasks performed by labour services and ICT capital stocks. The EU's positions relating to trade balances, revealed comparative advantages and unit value ratios are assessed relative to its main competitors, such as the US, China, Japan and South Korea. The trade specialisation patterns confirm EU advantages in traditional industries, which still represent the largest part of global trade, and in the group of digital task-intensive industries. In the cyber-physical group of industries, which are characterised by both high digital task and ICT capital intensities, the EU records a trade deficit, although this has been receding in recent years. Competitiveness indicators depict heterogeneity among EU countries. The loss of international competitiveness for some technology front-runners is a worrying sign. On the positive side, however, a reduction in trade deficits or an improvement in product quality and market shares is evident for certain EU countries, especially in the Central European region.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/278491
    Schriftenreihe: Research report / wiiw ; 468 (May 2023)
    Schlagworte: international competitiveness; EU; EU-CEE; trade balances; revealed comparative advantages; unit value ratios; digital tasks; ICT capital; digitalisation
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen