The Heckscher-Ohlin model. The multiple factors of production in this model can move across sectors. Differences in
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The Heckscher-Ohlin model. The multiple factors of production in this model can move across sectors. Differences in resources (the availability of those factors at the country level) drive trade patterns. This model also captures the long-run consequences of trade on the distribution of income. LO.1
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International Trade Theory And Policy
ISBN: 978-1292417233
12th Global Edition
Authors: Paul Krugman ,Maurice Obstfeld ,Marc Melitz
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