The Validity of Bilateral Heckscher-Ohlin: Some Further Empirical Evidence

Nicholas Tsounis ()

Economia Internazionale / International Economics, 2003, vol. 56, issue 1, 119-136

Abstract: In this article the Heckscher-Ohlin (H-O) theorem in its both the ‘commodity’ and the ‘factor content’ version is examined under the existence of non-factor price equalisation conditions in the bilateral trade between two countries, in a model with three countries and many commodities. Further, the H-O theory is examined in the trade between Greece and the European Union (E.U.) countries. It is found that the differences in the pattern of specialisation in the trade between Greece and each of the E.U. countries is explained by differences in the relative factor endowments. The tests suggest that the H-O model is valid in the trade between Greece and the E.U. countries.

Keywords: Bilateral Heckscher-Ohlin; Greece; EU (search for similar items in EconPapers)
JEL-codes: F11 F14 (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0170

Access Statistics for this article

Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga

More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Angela Procopio ().