Factor Endowment, the Choice of Technology, and the Volume of Trade

Haiwen Zhou ()

International Economic Journal, 2007, vol. 21, issue 4, pages 593-611

Abstract: This paper studies impacts of factor endowment on international trade in a general equilibrium model in which firms choose their technologies endogenously. Although countries only differ in factor endowment ex ante, countries may also differ in their chosen technologies. If industries choose different capital-labor intensities in equilibrium, the Heckscher-Ohlin theorem, factor price equalization theorem, the Rybczynski theorem, and the Stolper-Samuelson theorem hold. If industries choose the same capital-labor intensity in equilibrium, the volume of trade is zero. None of the four theorems applies.

Keywords: Choice of technology; factor endowment; factor price equalization; Heckscher-Ohlin model; volume of trade (search for similar items in EconPapers)
Date: 2007

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