A 'Live' Version of the HOS Model in Excel
AbstractWe present a numerical version of the factor proportions (Heckscher-Ohlin-Samuelson) model of production in a small economy, built in Excel. The model features the most common graphical devices used to explain the model properties. It differs from earlier work in that the solution is embedded in the sheet, making the use of the Solver add-in unnecessary. The equilibrium values and graphics respond instantly to changes in parameters/exogenous variables. The model can be used to demonstrate the Stolper-Samuelson and Rybczynski theorems, as well as other scenarios.
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Bibliographic InfoPaper provided by Utah State University, Department of Economics in its series Working Papers with number 2009-02.
Length: 10 pages
Date of creation: 10 Jun 2009
Date of revision: 10 Jun 2009
Heckcher-Ohlin-Samuelson model; Factor proportions;
Other versions of this item:
- A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- F1 - International Economics - - Trade
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mussa, Michael, 1979. "The two-sector model in terms of its dual : A geometric exposition," Journal of International Economics, Elsevier, vol. 9(4), pages 513-526, November.
- John Gilbert, 2009.
"A 'Live' Version of the Specific Factors Model in Excel,"
2009-12, Utah State University, Department of Economics, revised 11 Oct 2009.
- John Gilbert, 2009. "A 'Live' Version of the Specific Factors Model in Excel," Working Papers 200906, Utah State University, Department of Economics and Finance, revised 11 Oct 2009.
- John Gilbert, 2009.
"A 'Live' Version of the HOS Model with Interventions,"
200905, Utah State University, Department of Economics and Finance.
- John Gilbert, 2009. "A 'Live' Version of the HOS Model with Interventions," Working Papers 2009-05, Utah State University, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John Gilbert).
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