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A 'Live' Version of the HOS Model in Excel

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Abstract

We 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.

Suggested Citation

  • John Gilbert, 2009. "A 'Live' Version of the HOS Model in Excel," Working Papers 2009-02, Utah State University, Department of Economics, revised 10 Jun 2009.
  • Handle: RePEc:usu:wpaper:2009-02
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    File URL: ftp://repec.bus.usu.edu/RePEc/usu/pdf/eri2009-02.pdf
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    References listed on IDEAS

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    1. 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.
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    Cited by:

    1. John Gilbert, 2009. "A 'Live' Version of the Specific Factors Model in Excel," Working Papers 2009-12, Utah State University, Department of Economics, revised 11 Oct 2009.
    2. John Gilbert, 2009. "A 'Live' Version of the HOS Model with Interventions," Working Papers 200905, Utah State University, Department of Economics and Finance.

    More about this item

    Keywords

    Heckcher-Ohlin-Samuelson model; Factor proportions;

    JEL classification:

    • 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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