factor proportions theory

URI: https://gptkb.org/entity/factor_proportions_theory
GPTKB entity
Statements (26)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alsoKnownAs gptkb:Heckscher-Ohlin_theory
gptkbp:appliesTo gptkb:city
gptkb:farmer
labor
gptkbp:assumes perfect competition
constant returns to scale
identical technology across countries
no transportation costs
factors of production are immobile internationally
factors of production are mobile domestically
gptkbp:basisFor gptkb:Heckscher-Ohlin_model
gptkbp:contrastsWith gptkb:Ricardian_theory_of_comparative_advantage
gptkbp:criticizedFor gptkb:Leontief_paradox
gptkbp:developedBy gptkb:Bertil_Ohlin
gptkbp:explains international trade patterns
gptkbp:focusesOn relative factor endowments
https://www.w3.org/2000/01/rdf-schema#label factor proportions theory
gptkbp:influenced modern trade theory
gptkbp:originatedIn gptkb:Sweden
gptkbp:proposedBy gptkb:Eli_Heckscher
gptkbp:publishedIn early 20th century
gptkbp:state countries export goods that use their abundant factors intensively
countries import goods that use their scarce factors intensively
gptkbp:bfsParent gptkb:Heckscher-Ohlin_theorem
gptkbp:bfsLayer 7