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An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage

Wen Li Cheng; Jeffrey D. Sachs; Xiaokai Yang

Title:
An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage
Author(s):
Cheng, Wen Li
Sachs, Jeffrey D.
Yang, Xiaokai
Date:
Type:
Working papers
Department:
Earth Institute
Permanent URL:
Part Number:
9
Publisher:
Center for International Development at Harvard University
Publisher Location:
Cambridge, Mass.
Abstract:
In 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.
Subject(s):
Economics, Commerce-Business
Economic theory
Item views:
388
Metadata:
text | xml

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