Factor content functions and the theory of international trade
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 of production embodied in net imports as functions of the exogenous variables facing the economy...
| Egile Nagusiak: | , |
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| Formatua: | Journal article |
| Hizkuntza: | English |
| Argitaratua: |
Review of Economic Studies Ltd
1986
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| Gaiak: |
| _version_ | 1826268250000850944 |
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| author | Neary, J Schweinberger, A |
| author_facet | Neary, J Schweinberger, A |
| author_sort | Neary, J |
| collection | OXFORD |
| description | 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 of production embodied in net imports as functions of the exogenous variables facing the economy. The properties of these functions are discussed and they are used to derive a number of new results. In particular, it is shown that, in certain circumstances, the existence of gains from trade is sufficient for the Heckscher-Ohlin theorem to hold in its factor content form. |
| first_indexed | 2024-03-06T21:06:47Z |
| format | Journal article |
| id | oxford-uuid:3cbe15f6-0a92-4b6c-a873-fd71f9ad5f41 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T21:06:47Z |
| publishDate | 1986 |
| publisher | Review of Economic Studies Ltd |
| record_format | dspace |
| spelling | oxford-uuid:3cbe15f6-0a92-4b6c-a873-fd71f9ad5f412022-03-26T14:15:23ZFactor content functions and the theory of international tradeJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:3cbe15f6-0a92-4b6c-a873-fd71f9ad5f41EconomicsEnglishOxford University Research Archive - ValetReview of Economic Studies Ltd1986Neary, JSchweinberger, AThis 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 of production embodied in net imports as functions of the exogenous variables facing the economy. The properties of these functions are discussed and they are used to derive a number of new results. In particular, it is shown that, in certain circumstances, the existence of gains from trade is sufficient for the Heckscher-Ohlin theorem to hold in its factor content form. |
| spellingShingle | Economics Neary, J Schweinberger, A Factor content functions and the theory of international trade |
| title | Factor content functions and the theory of international trade |
| title_full | Factor content functions and the theory of international trade |
| title_fullStr | Factor content functions and the theory of international trade |
| title_full_unstemmed | Factor content functions and the theory of international trade |
| title_short | Factor content functions and the theory of international trade |
| title_sort | factor content functions and the theory of international trade |
| topic | Economics |
| work_keys_str_mv | AT nearyj factorcontentfunctionsandthetheoryofinternationaltrade AT schweinbergera factorcontentfunctionsandthetheoryofinternationaltrade |