Factor content functions and theory of international trade
|Title:||Factor content functions and theory of international trade||Authors:||Neary, J. Peter
Schweinberger, Albert G.
|Permanent link:||http://hdl.handle.net/10197/1403||Date:||Sep-1983||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.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Subject LCSH:||Utility theory--Mathematical models
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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