Heckscher-Ohlin Model

Definition

A model of international trade in which comparative advantage derives from differences in relative factor endowments across countries and differences in relative factor intensities across industries. Sometimes refers only to the textbook or 2x2x2 model, but more generally includes models with any numbers of factors, goods, and countries. Model was originally formulated by Heckscher (1919), fleshed out by Ohlin (1933), and refined by Samuelson (1948, 1949, 1953).

Use this term in a sentence

You may want to do some research on the heckscher-ohlin model and see if you can make it work for you.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

The heckscher-ohlin model was a really good model and I was amazed with how it worked and how much people liked it.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

The Heckscher-Ohlin Model was the gold standard in the international trade community and Frank was studying up on its intricacies.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Stolper-Samuelson Theorem Rybczynski Theorem