Heckscher-Ohlin model
The Heckscher-Ohlin model (H-O model) is a General equilibrium mathematical model of the macroeconomy in 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 the patterns of trade in the types of good that particular countries will specialize in exporting.
See Also
- International trade
- Free Trade
- Comparative advantage - An International trade model with varying technology between countries
- Balassa-Samuelson effect - An International trade model with traded and non-traded economic sectors
~ Table of Content ~
| ► | Introduction |
| ► | Features of the model |
| ► | Theoretical development of the model |
| ► | Assumptions of the model |
| ► | Conclusions of the model |
| ► | Econometric testing of H-O model theorems |
| ► | See Also |
| ► | External links |
| ► | References |
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