The Heckscher-Ohlin (H-O Model- With Diagram )

ADVERTISEMENTS: The Heckscher-Ohlin (H-O Model) is a general equilibrium mathematical model of international trade, developed by Ell Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo’s theory of comparative advantage by predicting patterns of commerce and production based on the factor endowments of a trading region. The Ricardian model … Continue reading The Heckscher-Ohlin (H-O Model- With Diagram )