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Two-by-two international trade theory with many goods and factors

Abstract:

This paper adopts a new approach to the problem of generalizing the properties of the two-by-two Heckscher-Ohlin model, asking whether we can obtain results which hold in very general models for dichotomous categories of commodities and factors. Using duality theory, some results of this kind are derived, which generalize certain properties of the Heckscher-Ohlin model to models which allow for any number of goods and factors, joint production, international factor mobility, and substitution ...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Research group:
Industrial Economics
Oxford college:
Merton College
Department:
Social Sciences Division - Economics
Publisher:
Econometric Society Publisher's website
Journal:
Econometrica
Volume:
53
Issue:
5
Pages:
1233-1247
Publication date:
1985-09-05
ISSN:
0012-9682
URN:
uuid:abee3d07-3554-4045-9339-396bfadf663c
Local pid:
ora:2213

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