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Comparative Advantage in International Trade
Mirela Keuschnigg
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Description for Comparative Advantage in International Trade
Paperback. Series: Studies in Empirical Economics. Num Pages: 172 pages, 21 black & white tables, biography. BIC Classification: KCL; KCLT. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 9. Weight in Grams: 278.
Traditional trade theory explains trade only by differences between countries, notably differences in their relative endowments of factors of production. It suggests an inverse relationship between the similarity of countries and the volume of trade between them. The Heckscher-Ohlin (HO) factor propor tions theory derives the determinants of comparative advantage in a world of "two-ness" (two goods, two factors, two countries). It predicts that each country will export that good which uses the country's abundant factor rel atively most intensively. The literature on trade offers an impressive number of studies based on the HO theory. The main methodological problems en ... Read more
Traditional trade theory explains trade only by differences between countries, notably differences in their relative endowments of factors of production. It suggests an inverse relationship between the similarity of countries and the volume of trade between them. The Heckscher-Ohlin (HO) factor propor tions theory derives the determinants of comparative advantage in a world of "two-ness" (two goods, two factors, two countries). It predicts that each country will export that good which uses the country's abundant factor rel atively most intensively. The literature on trade offers an impressive number of studies based on the HO theory. The main methodological problems en ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
172
Condition
New
Series
Studies in Empirical Economics
Number of Pages
164
Place of Publication
Berlin, Germany
ISBN
9783642502149
SKU
V9783642502149
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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