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... > social science subjects > business and management > international business > economics of international business > economic theories of international business > Heckscher-Ohlin theorem
social science subjects > economics > economic concepts > political economy > Heckscher-Ohlin theorem
social science subjects > politics and international relations > political science > political economy > Heckscher-Ohlin theorem

Preferred term

Heckscher-Ohlin theorem  

Definition

  • The Heckscher-Ohlin model (H-O model) was constructed to understand the role of productive resources in international trade, analyzing an economy in which two goods are produced using two factors of production. It is a general equilibrium model that extends some important results of the comparative advantage theory developed by David Ricardo. [Source: Encyclopedia of Business in Today's World; Heckscher-Ohlin Model]

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https://concepts.sagepub.com/social-science/concept/Heckscher-Ohlin_theorem

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