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The Development and Testing of Heckscher-Ohlin Trade Models
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The Development and Testing of Heckscher-Ohlin Trade Models: A Review

Robert E. Baldwin

Abstract

No names are more closely associated with modern trade theory than Eli Heckscher and Bertil Ohlin. The basic Heckscher–Ohlin proposition, according to which a country exports factors in abundant supply and imports factors in scarce supply, is a key component of modern trade theory. This book traces the development of the HO model, describing the historical twists and turns that have led to the basic modern theoretical model in use today. It not only presents a cohesive view of the model’s evolution but also reviews the results of empirical tests its various versions. The book surveys the devel ... More

Keywords: trade theory, Eli Heckscher, Bertil Ohlin, Heckscher–Ohlin proposition, HO model, empirical tests, Stolper–Samuelson theorem, Rybczynski theorem, factor price equalization, international trade

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780262026567
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262026567.001.0001

Authors

Affiliations are at time of print publication.

Robert E. Baldwin, author