Leontief's test by using 1947 data showed that US as a capital abundant country exported labor-intensive commodities. Most studies and tests after Leontief test were to try to clear the paradox or to show the test results were wrong in somewhere. This paper demonstrates that a capital abundant...

This paper studies a 2x2x2 Ricardo-Heckscher-Ohlin Model (briefly R-H-O model) by introducing different technologies into the Heckscher-Ohlin model. The key tool of this study is presenting a solution of common commodity prices embedded with two sets of local factor prices for each countries,...

The factor content of trade is an important concept of the modern studies of international trade. This paper introduces an approach to teach the distribution of factor content of trade visually and compute it simply for the classical and non-classical models by using the Account Matrix of...

This paper proposes a new international trade model, the demand-oriented trade model, to examine the interdependence and interaction of multi-country economies. It reflects realistic considerations in international trade practice: intermediate input, mobile factors across countries,...

This paper studies why and how indirect trade can benefit the trading countries by using the concept of the indirect comparative advantage in indirect balance of trade. The paper demonstrates that the indirect comparative advantage determines the trade direction in the indirect balance of trade....