chap07 - Introduction Heckscher - Ohlin Demand The...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Introduction Heckscher - Ohlin Demand The production possibility frontier Structure of the equilibrium Autarky equilibrium International trade equilibrium Application: the Summers-Heston data The case of the missing trade Conclusions CHAPTER 7; FACTOR ABUNDANCE International Trade & the World Economy; Charles van Marrewijk Explanations for trade Classical 2. Opportunity costs 3. Comparative advantage Neo-classical 4. Production structure 5. Factor prices 6. Production volume 7. Factor abundance 1. The world economy New trade 9. Imperfect competition 10. Intra-industry trade Policy 8. Trade policy 11. Strategic trade policy 12. Int. trade organizations 13. Economic integration 17. Applied trade policy modeling Economic geography New interactions 14. Geographical economics 15. Multinationals 16. New goods, growth, and development Industrial organization International business Growth theory Part I Part II Part III Part IV 18. Concluding remarks Introduction Heckscher - Ohlin Demand The production possibility frontier Structure of the equilibrium Autarky equilibrium International trade equilibrium Application: the Summers-Heston data The case of the missing trade Conclusions CHAPTER 7; FACTOR ABUNDANCE International Trade & the World Economy; Charles van Marrewijk Introduction International Trade & the World Economy; Charles van Marrewijk Objectives / key terms Heckscher-Ohlin result Homothetic demand Rybczynski lines Marginal rate of substitution (MRS) Marginal rate of transformation (MRT) Leontief paradox Autarky International trade General equilibrium Missing trade Bertil Ohlin (1899-1979) Introduction Heckscher - Ohlin Demand The production possibility frontier Structure of the equilibrium Autarky equilibrium International trade equilibrium Application: the Summers-Heston data The case of the missing trade Conclusions CHAPTER 7; FACTOR ABUNDANCE International Trade & the World Economy; Charles van Marrewijk Heckscher - Ohlin International Trade & the World Economy; Charles van Marrewijk Heckscher-Ohlin proposition In a neo-classical framework with 2 final goods, 2 factors of production, and 2 countries which have identical homothetic tastes, a country will export the good which intensively uses the relatively abundant factor of production....
View Full Document

This note was uploaded on 12/02/2011 for the course ECONOMIC 110 taught by Professor Kearl during the Fall '11 term at BYU.

Page1 / 27

chap07 - Introduction Heckscher - Ohlin Demand The...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online