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The concept of factor intensity has played a key role in the development of international trade theory. The factor proportions utilized in the production of commodities differ from activity to activity. Some commodities employ a higher ratio of capital to labor than do others, and the basic...
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The concept of factor intensity has played a key role in the development of international trade theory. The factor proportions utilized in the production of commodities differ from activity to activity. Some commodities employ a higher ratio of capital to labor than do others, and the basic...
Persistent link: https://www.econbiz.de/10010398033
Since Heckscher's 1919 pioneering contribution to international trade theory, the concept of "factor intensity" has played a key role in explanations of trade patterns and the consequences of international trade for local income distribution. This essay discusses the uses that have been made of...
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