Factor Content of Trade
Year: 2008
Type: book-chapter
Abstract: International trade is the cross-border exchange of goods (and services), both final and intermediate. These goods are produced with factors of production located in specific countries, hence the trade in these goods is implicitly also trade in the services of the factors used to produce them. This converts the standard HeckscherOhlin model of trade in goods into the HeckscherOhlin- Vanek (HOV) model of the factor content of trade.
Source: Blackwell Publishing Ltd eBooks
Authors: Donald R. Davis, David E. Weinstein
Institutions: National Bureau of Economic Research, Columbia University
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3124447397