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Trade Impacts of Soviet Reform: A Heckscher‐Ohlin‐Vanek Approach
Author(s) -
Hayes Dermot J.,
Kumi Alexander,
Johnson S.R.
Publication year - 1995
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349727
Subject(s) - economics , international economics , international trade
The Heckscher-Ohlin-Vanek (HOV) equations used in this paper provide a feasible method for projecting longer-run trade patterns of the Former Soviet Union, one that does not depend on elasticities or the optimality of existing resource use. The authors contrast forecasted and actual trade patterns and compare their results with those of other studies.