Lecture7 - TRADE AND RESOURCES: THE HECKSCHEROHLIN MODEL 4...

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TRADE AND RESOURCES: THE HECKSCHER- OHLIN MODEL 1 Heckscher-Ohlin Model 2 Effects of Trade on Factor Prices 3 Extending the Heckscher-Ohlin Model 4 Conclusions 4
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TRADE AND RESOURCES: THE HECKSCHER-OHLIN MODEL Chapter 4 of Feenstra and Taylor
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Chapter Outline Introduction Heckscher-Ohlin Model Assumptions No-Trade Equilibrium Free Trade Equilibrium Testing the Heckscher-Ohlin theorem: Leontief’s Paradox
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Chapter Outline Effects of Trade on Factor Prices Effect of Trade on the Wage and Rental of Home Determination of the Real Wage and Real Rental Changes in the Real Wage and Rental: A Numerical Example Extending the Heckscher-Ohlin Model Many Goods, Factors and Countries Differing Productivities Across Countries Extending the Heckscher-Ohlin Theorem Conclusions
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Introduction The Heckscher-Ohlin model (HO) shows how trade occurs because countries have different resources. H-O assumed that technologies were the same
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Lecture7 - TRADE AND RESOURCES: THE HECKSCHEROHLIN MODEL 4...

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