Heckscher-Ohlin theory of trade

URI: https://gptkb.org/entity/Heckscher-Ohlin_theory_of_trade
GPTKB entity
Statements (27)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Heckscher-Ohlin_model
gptkbp:assumes perfect competition
constant returns to scale
identical technology across countries
no trade barriers
no transportation costs
gptkbp:basedOn factor endowments
gptkbp:category trade theory
gptkbp:contrastsWith gptkb:Ricardian_theory_of_comparative_advantage
gptkbp:criticizedFor gptkb:Wassily_Leontief
gptkbp:describes international trade patterns
gptkbp:explains pattern of trade based on factor abundance
gptkbp:field international economics
gptkbp:focusesOn gptkb:city
labor
gptkbp:formedBy gptkb:Bertil_Ohlin
gptkb:Eli_Heckscher
https://www.w3.org/2000/01/rdf-schema#label Heckscher-Ohlin theory of trade
gptkbp:influenced gptkb:Rybczynski_theorem
gptkb:Stolper-Samuelson_theorem
gptkbp:proposedBy countries export goods that use their abundant factors intensively
countries import goods that use their scarce factors intensively
gptkbp:publishedIn 1920s
gptkbp:relatedTo gptkb:Leontief_paradox
gptkbp:bfsParent gptkb:H-O_model
gptkbp:bfsLayer 7