Carol M. Kopp edits features on a wide range of subjects for Investopedia, including investing, personal finance, retirement planning, taxes, business management, and career development. David ...

The Heckscher-Ohlin-Vanek model of factor service trade is a central construct in international economics. Empirically, though, it is a flop. This warrants a new approach. Using Japanese regional data ...

The Heckscher-Ohlin model (H-O) is a general equilibrium model of international trade, first developed by Eli Heckscher and Bertil Ohlin. The foundations of the model rest on David Ricardo’s theory of ...

Many previous tests of Heckscher-Ohlin trade theory have found underwhelming support for the idea that countries' endowments determine their production and trade. This paper demonstrates that those ...

In this paper, we show that the main results of dynamic Heckscher-Ohlin models (with non-homothetic preferences) can be derived from diagrams which represent the basic functions in static models such ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation A large data set on trade in manufactured products is used to evaluate the performance of a model that combines both the ...

Standard trade theory suggests that trade liberalisation produces opposite effects on human capital accumulation in developed and developing countries, reducing the incentives to invest in education ...

<p class="para editable block" id="fwk-61960-ch05_s02_s05_p01">The total amount of labor and capital used in production is limited to the endowment of the country.</p ...