Working papers:
An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage
Wen Li Cheng; Jeffrey D. Sachs; Xiaokai Yang
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- 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:
- 1999
- Type:
- Working papers
- Department:
- Earth Institute
- Permanent URL:
- http://hdl.handle.net/10022/AC:P:8052
- 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:
- 316