New Products and the Factor Content of International Trade | Zendy

Richard A. Brecher | Zendy; Ehsan U. Choudhri | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

New Products and the Factor Content of International Trade

Author(s) -

Richard A. Brecher,

Ehsan U. Choudhri

Publication year - 1984

Publication title -

journal of political economy

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 21.034

H-Index - 186

eISSN - 1537-534X

pISSN - 0022-3808

DOI - 10.1086/261267

Subject(s) - economics , commodity , capital (architecture) , product (mathematics) , econometrics , content (measure theory) , mathematical economics , international trade , microeconomics , mathematics , market economy , mathematical analysis , geometry , archaeology , history

This paper extends the multicommodity two-input version of the Heckscher-Ohlin model to include "new products," on which considerable interest has been focused by the product-cycle hypothesis and related analyses. The extended model is then used to reexamine the implications of relative factor abundance for the capital and labor content of international commodity trade. As this analysis shows, the presence of new products might in principle resolve the Leontief paradox under certain specific conditions.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research