Heckscher- Ohlin Theory Of Trade

A short Intro to the HO theory of trade. It is used to show the implications for income for income received by different factors of production in sectors where their relative price is rising, and in sectors where their relative price is falling. Powerpoint presentation is property of Dr. B West at Barry University.

Category:

Education

Tags:

• economics
• trade
• international economics
• heckscher Ohlin theory
• trade theory
• international business.

[saradani79]

thank you for the video.I want only to ask you if you can giveme your email adress,because I have some questions.

Regards from germany

[ballesterr]

you can reach me at my work email: Raul.Ballester@chevron.com

[aaslam23]

awesome video, really informative; but two questions. Firstly, can you pls explain why towards the end, the landowners in the US, even in the declining sector gain; whilst labour in ROW gain even in the declining sector.

Secondly, can you please put up a similar styled video on the standard trade model? Thanks!

[ballesterr]

Which trade model are you talking about? Adam smith, Ricardian theory?

[siryousaf]

informative video...thanks...

[ballesterr]

@saradani79: I learnt it with a simple International Eocnomics book but I've read the original trade theory for my thesis on diminishing returns and International trade. It helped alot but its not a novice read. Title: Heckscher-Ohlin trade theory by Eli Filip Heckscher, Bertil Gotthard Ohlin. There is a swedish translated one. hope this helps.

[saradani79]

@ballesterr kann you please tell me,which book explains the Heckscher-Ohlin the best.Thanks

[lilletulle25]

@lilletulle25 Sorry, I mean the Stolper-Samuelson theory.

[lilletulle25]

I absolutely loved the way you described and explained the theory! I was wondering when you're going to post the videos for the Stopler theorem and such?

[aaslam23]

thanks for getting back to me! im referring to the model that allows for imperfect competition with economies of scale; i think its a model pioneered by krugman

[ballesterr]

In the long-run the people from the declining sector lets say in the U.S. Laborers, moved over to the expanding sector Wheat, thus the Landowners in the long run win in both sectors, as the declining sectors wrokforce moves towards the expanding sector. same goes for the ROW.