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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:
Reports
Department(s):
Earth Institute
Persistent URL:
Series:
CID Working Paper
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):
Managerial economics
Commerce
Economics
Item views
562
Metadata:
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Suggested Citation:
Wen Li Cheng, Jeffrey D. Sachs, Xiaokai Yang, , An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage, Columbia University Academic Commons, .

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