Factor content functions and theory of international trade

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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
Series/Report no.: UCD Centre for Economic Research Working Paper Series; No. 11
Subject LCSH: Utility theory--Mathematical models
International trade
Heckscher-Ohlin principle
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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