ChapterIVneo-classicalmodelofinternational.pptVIP

Chapter IV neo-classical model of international trade theory: Heckscher - Ohlin Model 制作人：刘继森教授 Section 1 Heckscher and Ohlins main contribution to their trade ideas In the neo-classical international trade theory, the contribution is most critical to Heckscher and Ohlin. By Adam Smith and David Ricardo, represented by the classical economists point to the labor theory of value based on demonstrated national differences in labor productivity, thus built up a theory of comparative advantage. Heckscher and Ohlins contribution is to establish a Heckscher - Ohlin model ie H-O model extends t