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An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage

 
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Author
Cheng, Wen Li
Sachs, Jeffrey D.
Yang, Xiaokai
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https://www.hks.harvard.edu/centers/cid/publications
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Citation
Cheng, Wen Li, Jeffrey D. Sachs, and Xiaokai Yang. “An Inframarginal Analysis of the Heckscher-Olin Model with Transaction Costs and Technological Comparative Advantage.” CID Working Paper Series 1999.09, Harvard University, Cambridge, MA, March 1999.
Abstract
In the paper we introduce technological comparative advantage and transaction costs into the Heckscher-Olin (HO) model and refine the HO theorem, the Stolper-Samuelson theorem, the Rybczynski theorem, and factor equalization theorem. The refined core theorems can be used to accommodate recent empirical evidence that is at odds with the core theorems.
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This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
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http://nrs.harvard.edu/urn-3:HUL.InstRepos:39298313

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