Concept information
Preferred term
leontief paradox
Definition
- Wassily W Leontief (1905–99) was the first scholar to empirically test the predictions of the Heckscher-Ohlin (H-O) theorem, one of four main results of the H-O model (credited to Eli Heckscher and Bertil Ohlin). This theorem establishes a relationship between a country's abundance of factors of production, the intensity with which these factors are used in production, and the country's trade patterns. [Source: Encyclopedia of Business in Today's World; Leontief Paradox]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/leontief_paradox
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}