The Heckscher-Ohlin Model
The Heckscher-Ohlin Model. Udayan Roy http://myweb.liu.edu/~uroy/eco41. Basic assumptions. The Heckscher-Ohlin Assumptions—Basics. There are two countries, Home and Foreign two goods, Cloth and Food, and two resources, Labor and Capital these are used to produce Cloth and Food.
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