BA 187 – International Trade
BA 187 – International Trade. Hecksher-Ohlin Model & Relative Factor Endowments. Hecksher-Ohlin Model. Two countries, two goods, X and Y, and two factors of prod’n, labor, L and capital, K. (2 x 2 x 2 model) Technology identical between countries.
1.05k views • 27 slides