Factor content functions and theory of international trade

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Author(s)
Uri
Date Issued
September 1983
Date Available
02T15:24:21Z September 2009
Abstract
This paper introduces the concepts of direct and indirect factor trade utility functions and uses them to derive Marshallian and Hicksian factor content functions, which express the quantities of factors embodied in variables. The properties of these functions are discussed and they are used to derive a number of new results. In particualar, it is shown that, in certain circumstances, the existence of gains from trade is necessary and sufficient for the Heckscher-Ohlin theorem to hold in its factor content form.
External Notes
A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
No. 11
Subject – LCSH
Utility theory--Mathematical models
International trade
Heckscher-Ohlin principle
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
Owning collection
Economics Working Papers & Policy Papers