Jošić, Hrvoje; Žmuk, Berislav - In: European journal of comparative economics 20 (2023) 2, pp. 193-221
The factor proportions model, also known as the Heckscher-Ohlin model, is the main neoclassical model of international … factor proportions model a country should specialize in the production and export of products that make use of its relatively … abundant factor of production. The factor proportions model was heavily empirically investigated in the last seventy years. The …