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An Analysis of the Effects of Factors of Production on Foreign Trade in Iran
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Ojan Karimi *   |
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Abstract: (16608 Views) |
| This paper examines the impact of the factors of production regarding
their labour-intensive or capital-intensive properties on exports and
imports in Iran during the three time periods of 1370, 1376 and 1382
using input-output model based on constant prices.
The principle hypothesis of this research work is that regarding
the utilization of labour and capital in exports and imports sectors,
Iranian economic activities are based on relative advantage of the
factors of production. Importing industries which account a high
percentage of Iranian imports such as chemical industries,
manufacturing and basic metals are among those sectors which are
relatively more capital intensive regarding their exports as compared
with their imports. Those industries which have higher share in nonoil
exports, such as wood industries and wood product, agriculture,
transportation, textile and commercial services are among the
economic activities with lower capital-labour ratio, i.e., are relatively
labour-intensive. |
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| Keywords: Factors of Production, Foreign Trade, Relative Capital and Labour Intensive |
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Full-Text [PDF 296 kb]
(4443 Downloads)
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Type of Study: Research |
Subject:
General
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