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

Wenli Cheng, Jeffrey D. Sachs and Xiaokai Yang

No 09A, 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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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparartive Advantage (1999)
Working Paper: An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:cid:wpfacu:09a

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