The Heckscher-Ohlin Model

Giancarlo Gandolfo

Chapter Chapter 4 in International Trade Theory and Policy, 2014, pp 63-101 from Springer

Abstract: Abstract The Heckscher-Ohlin theory explains international trade as deriving from different relative factor endowments, given the same technology and the same omothetic utility functions in the two countries involved. This is the workhorse of the standard theory of international trade, from which a number of important consequences (such as the factor-price equalization theorem) follow. Hence it is thoroughly treated with particular care, including its extensions and generalizations.

Keywords: Relative Price; Factor Content; Capital Intensity; Factor Price Equalization; Abundant Factor (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-37314-5_4

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DOI: 10.1007/978-3-642-37314-5_4

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