The Development of Heckscher-Ohlin Trade Models
The Development of Heckscher-Ohlin Trade Models
This chapter surveys the development of the Heckscher–Ohlin (HO) trade theory. It discusses trade theory in the 1930s; the Heckscher–Ohlin–Samuelson (HOS) model; the Heckscher–Ohlin–Vanek (HOV) model; the “new” trade theory and differentiated products; the Helpman non-factor price equalization model; and the Ohlin’s views on modern Heckscher–Ohlin trade models.
Keywords: trade theory, HO model, Heckscher–Ohlin–Samuelson model, Heckscher–Ohlin–Vanek model, Helpman non-factor price equalization model
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