An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative 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:	1999-04
Authors:	Cheng, Wen Li ; Sachs, Jeffrey D. ; Yang, Xiaokai
Institutions:	Center for International Development, Kennedy School of Government
Subject:	H-O theorem \| factor equalization theorem \| Stolper-Samuelson theorem \| Rybczynski theorem

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Extent:	application/pdf
Series:	CID Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	F10 - Trade. General ; F11 - Neoclassical Models of Trade
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005838198