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Empirical Analysis on the Relationship between Idiosyncratic Human Capital and the Comparative Advantage of Services of Trade Among China, Japan and America

Author: LiaoZhenZhen
Tutor: YangLiHua
School: Ningbo University
Course: International Trade
Keywords: Japan and the United States Idiosyncratic Human Capital The comparative advantages of trade in services
CLC: F746.18
Type: Master's thesis
Year: 2009
Downloads: 89
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Abstract


Along with the rapid development of trade in goods and global industrial structure adjustment , trade in services is an increasingly important position in the global economy . The share of trade in services in the global trade market to some extent reflects the overall competitive strength of a country in the world , but also directly reflects the country has a comparative advantage in the global trade in services on the market . Traditional service trade theory of comparative advantage that the comparative advantage of trade in services depends on the natural resources and labor prices , but with the diversity and complexity of the development of science and technology and human consumption needs , determinants of comparative advantage of service trade is gradually changed , more more depending on a country's idiosyncratic human capital , starting from the point of view of this study , the difference in idiosyncratic human capital in China , Japan and the United States - based comparative advantage for trade in services , research idiosyncratic human capital . The article is divided into two parts: theoretical and empirical theoretical aspects , first proposed related concepts , and then describes the theory of comparative advantage of trade in services , and from a personal point of view , to sort out the determinants of comparative advantage of service trade , and eventually come to trade in services advantage depends critically on the conclusion of the heterogeneity of a country's human capital , and explore the mechanism of idiosyncratic human capital and services trade impact of comparative advantage , from a macro and micro perspective theoretically pave the way for the empirical . Empirical , first in Japan and the United States idiosyncratic human capital cointegration test of the comparative advantage of trade in services , the overall role of the comparative advantages of a country's trade in services research idiosyncratic human capital . Then , regression analysis , Japan and the United States idiosyncratic human capital and national services industry comparative advantage . Finally, the comparison and analysis of empirical results obtained idiosyncratic human capital is the key factor of the comparative advantages of a country's trade in services , and on this basis , combined with the problem exists in our idiosyncratic human capital , and ultimately try to sex proposed countermeasures and suggestions to the development of China 's service trade .

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