An extended Heckscher-Ohlin model with transaction costs and technological comparative advantage

B-Tier
Journal: Economic Theory
Year: 2004
Volume: 23
Issue: 3
Pages: 671-688

Authors (3)

Wenli Cheng (not in RePEc) Jeffrey Sachs (not in RePEc) Xiaokai Yang

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper introduces technological differences and transaction costs into the Heckscher-Ohlin (HO) model and examines the HO theorem, factor price equalization theorem, the Stolper-Samuelson theorem and the Rybczynski theorem. It shows that the HO theorem can be refined, and that the factor price equalisation theorem, the Stolper-Samuelson Theorem and the Rybczynski theorem do not always hold. It also shows that transaction costs play an important role in determining the equilibrium trade pattern. Copyright Springer-Verlag Berlin/Heidelberg 2004

Technical Details

RePEc Handle
repec:spr:joecth:v:23:y:2004:i:3:p:671-688
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25