Heckscher-Ohlin-Samuelson model
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Name (Latin)
Heckscher-Ohlin-Samuelson model
Other forms of name
Factor Proportions Model of Trade
See Also From tracing topical name
International trade
MARC
MARC
Other Identifiers
Wikidata:
Q2261156
Library of congress:
sh2006000172
Sources of Information
- Work cat.: Korn, D. International industrial shares and relative international wages in five industries, 1982:p. 1 (Heckscher-Ohlin-Samuelson hypothesis)
- Fraser Institute old WWW site, Jan. 5, 2006:Public policy sources no. 11, The economic case for free trade ("The Heckscher-Ohlin-Samuelson Model is sometimes called the Factor Proportions Model of Trade")
- Agricultural & Resource Economics, University of California at Berkeley WWW site, Jan. 5, 2006:Course Outline, ARE 201 2005, Lecture notes, chapter 4 (Heckscher-Ohlin-Samuelson Model)
Wikipedia description:
The Heckscher–Ohlin model (/hɛkʃr ʊˈliːn/, H–O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo's theory of comparative advantage by predicting patterns of commerce and production based on the resources of a trading region. The model essentially says that countries export the products which use their relatively abundant and cheap factors of production, and import the products which use the countries' relatively scarce factors.
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