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

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.

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Year of publication:	1999
Authors:	Cheng, W.L. ; Sachs, J.D. ; Yang, X.
Institutions:	Booth School of Business, University of Chicago
Subject:	TRADE

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Series:	Chicago - Graduate School of Business.
Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	F10 - Trade. General ; F11 - Neoclassical Models of Trade
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005671651