The heckscher-ohlin model Chapter 3 (要素禀赋糢型 Factor Endowment Theory) Factor Why trade? H-O Model Endowment General effect The effect of trade Effect on distribution of incomel Testing on the H-O model Summary Exercise: 1/2/3 2006年版
2006年版 The Heckscher Chapter 3 -Ohlin Model （要素禀赋模型Factor Endowment Theory) Why trade? H-O Model Factor Endowment The effect of trade General effect Effect on distribution of income Testing on the H-O model Summary Exercise:1/2/3
Chapter 3 The basic H-o model founders Basic assumptions ● Basis for trade Pattern of production and trade Gain from trade 2006年版
2006年版 Chapter 3 The basic H-O Model •Founders •Basic Assumptions •Basis for trade •Pattern of production and trade •Gain from trade
Chapter 3 FO ounders Eli F Heckscher bertil ohlin 赫克歇尔 俄林 (1879-1952)(1899-1979) Swedish Swedish Teacher Student Maior works: Heckscher-"The effect of foreign Trade on the Distribution of income Ohin-” Theory of Trade”& “ nterregional and International Trade” 2006年版
2006年版 Chapter 3 Founders Eli F. Heckscher & Bertil Ohlin 赫克歇尔 俄林 (1879-1952) (1899-1979) Swedish Swedish Teacher Student Major works: Heckscher——"The Effect of Foreign Trade on the Distribution of Income” Ohlin——” Theory of Trade” & “ Interregional and International Trade
Chapter 3 The Bank of sweden prize in Economic Sciences in Memory of Alfred Nobel 1977 for their pathbreaking contribution to the theory of international trade and international capital movements" Bertil ohlin James E. Meade Sweden Great Britain Stockholm School of Economics Cambridge University Stockholm, Sweden Cambridge, Great Britain 1899-1979 1907-1995 2006年版
2006年版 Chapter 3
Chapter 3 Basic assumptions Two inputs(factors): Labor(l)& Land(t) 2. Two outputs: Cloth( Q)& Food (Qp) Qc=Qste, lo), QF=Qe(, le), 3. With different Factor Intensity(要素密集度) At any given factor price ratio w/r TELE>T/L Cloth is labor-intensive good, Food is land-intensive good 4. Two Countries, e.g. US china With Different proportion of factor endowment(要素禀赋): T/LuS >(T/L)Ch US is a land-abundant country and china is a labor-abundant country 5. Identical technologies between countries (e.g cloth is labor-intensive good both in Us china 6. Full Employment, Perfect Competition, same consumer preference, no trade barriers 2006年版
2006年版 Chapter 3 Basic Assumptions 1. Two inputs (factors): Labor (L) & Land (T) 2. Two outputs: Cloth (Qc ) & Food (QF ) Qc = Qc (Tc , Lc ), QF = QF (TF , LF ), 3. With different Factor Intensity(要素密集度): • At any given factor price ratio w/r, TF /L F > Tc /Lc . Cloth is labor-intensive good , Food is land-intensive good 4. Two Countries, e.g. US & China With Different proportion of factor endowment（要素禀赋）: (T/L)US > (T/L)China US is a land-abundant country and China is a labor-abundant country 5. Identical technologies between countries（e.g.cloth is labor-intensive good both in US & China ) 6. Full Employment, Perfect Competition，same consumer preference,no trade barriers