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Heckscher-Ohlin-Vanek theorem 1 factor underutilization 1 trade in intermediates 1
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Chakrabarti, Avik 1
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Open Economies Review 1
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The Heckscher-Ohlin-Vanek Theorem and International Factor Price Differences
Chakrabarti, Avik - In: Open Economies Review 16 (2005) 4, pp. 407-412
This paper demonstrates the importance of accounting for absorption of inputs in a model of factor-augmenting international productivity differences when examining the consistency of international factor price differences with the Heckscher-Ohlin-Vanek (HOV) theorem. It is shown that the absence...
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