The Heckscher-Ohlin theory, which states that each country exports the commodity that uses its abundant factor intensively, could never be proven until the development of this type of analysis. The creator of this theory uses it to explain his Paradox, which states that the most capital abundant nation in the world exports labor-intensive commodities and imports capital- intensive commodities. Its two elements are defined as the goods and services each industry buys from all other industries, and the products each indus
The Heckscher-Ohlin theory, which states that each country exports the commodity that uses its abundant factor intensively, could never be proven until the development of this type of analysis. The creator of this theory uses it to explain his Paradox, which states that the most capital abundant nation in the world exports labor-intensive commodities and imports capital- intensive commodities. Its two elements are defined as the goods and services each industry buys from all other industries, and the products each industry sells to the others. FTP, identify this flow-of-goods analysis created by Wassily Leontief.
The Heckscher-Ohlin theory, which states that each country exports the commodity that uses its abundant factor intensively, could never be proven until the development of this type of analysis.
{input-output} analysis or theory