An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparartive Advantage
AbstractIn 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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Bibliographic InfoPaper provided by Chicago - Graduate School of Business in its series Papers with number 9.
Length: 28 pages
Date of creation: 1999
Date of revision:
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Postal: UNIVERSITY OF CHICAGO, H.G.B. ALEXANDER FOUNDATION GRADUATE SCHOOL OF BUSINESS, CHICAGO ILLINOIS 60637 U.S.A.
Web page: http://gsb.uchicago.edu/
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Other versions of this item:
- Wen Li Cheng & Jeffrey D. Sachs & Xiaokai Yang, 1999. "An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage," CID Working Papers 9, Center for International Development at Harvard University.
- F10 - International Economics - - Trade - - - General
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
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- Sachs, J.D. & Yang, X., 1999.
"Pattern of Trade and Economic Development in the Model of Monopolistic Competition,"
14, Chicago - Graduate School of Business.
- Jeffrey D. Sachs & Xiaokai Yang & Dingsheng Zhang, 1999. "Pattern of Trade and Economic Development in the Model of Monopolistic Competition," CID Working Papers 14, Center for International Development at Harvard University.
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