Add Papers Marked0
Paper checked off!

Marked works


Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

internet library library
2,49 € Add to cart
Add to Wish List
Want cheaper?
ID number:513503
Published: 11.04.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used

Eli Heckscher (1879-1952) was a Swedish economist. He is best known for his book “Mercantilist”. Although his major interest was in studying economic history, he also developed the essentials of the factor endowment (factor proportions) theory of international trade in 1919.
Bertil Ohlin (1899-1979) was Heckscher`s student who developed and elaborated the factor endowment theory. He was also a major political figure in Sweden and served in Riksdag. He was Minister of Trade during World War II. In 1979 Ohlin was awarded a Nobel prize jointly with James Meade for his work in international trade theory.

The Heckscher-Ohlin model incorporates a number of realistic characteristics of production that are left out of the Ricardian model. In the Ricardian model only one factor of production, labor, is needed to produce goods and services. The productivity of labor is assumed to vary across countries which implies a difference in technology between nations. It was the difference in technology that motivated advantageous international trade in the model.…

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −3,98 €
Work pack Nr. 1114706
Load more similar papers


Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?


Not registered yet?

Register and redeem free papers!

To receive free papers from it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register