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The Development and Testing of Heckscher-Ohlin Trade Models: A Review

Danh mục: Kế toán Tài chính

Thể loại: Kế toán Tài chính TA

 

No names are more closely associated with modern trade theory than Eli Heckscher and Bertil Ohlin. The basic Heckscher-Ohlin proposition, according to which a country exports factors (embodied in goods) in relatively abundant supply and imports factors in relatively scarce supply, is a key component of modern trade theory. In this book, Robert Baldwin traces the development of the HO model, describing the historical twists and turns that have led to the basic modern theoretical model in use today. Baldwin not only presents a clear and cohesive view of the model's evolution but also reviews the results of empirical tests of its various versions.

 

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