An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage

Wenli Cheng (), Jeffrey D. Sachs and Xiaokai Yang

CID Working Papers from Center for International Development at Harvard University

Abstract: In the paper we introduce technological comparative advantage and transaction costs into the Heckscher-Olin (HO) model and refine the HO theorem, the Stolper-Samuelson theorem, the Rybczynski theorem, and factor equalization theorem. The refined core theorems can be used to accommodate recent empirical evidence that is at odds with the core theorems.

Keywords: H-O theorem; factor equalization theorem; Stolper-Samuelson theorem; Rybczynski theorem (search for similar items in EconPapers)
JEL-codes: F10 F11 (search for similar items in EconPapers)
Date: 1999-04
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Working Paper: An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparartive Advantage (1999)
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Persistent link: http://EconPapers.repec.org/RePEc:wop:cidhav:9

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