Hayes, Dermot; Kumi, Alexander; Johnson, Stanley R. - Center for Agricultural and Rural Development (CARD), … - 1994
The Heckscher-Ohlin-Vanek (HOV) equations used in this paper provide a feasible method for projecting longer-run trade patterns of the Former Soviet Union, one that does not depend on elasticities or the optimality of existing resource use. The authors contrast forecasted and actual trade...