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Specific Factors And Heckscher-Ohlin: An Intertemporal Blend

Author

Listed:
  • RONALD W. JONES

    (Department of Economics, University of Rochester, Rochester, NY 14620, USA)

Abstract

A blend of the Specific Factors and Heckscher-Ohlin models can be fashioned, making use of some of the ideas in the earlier vintage capital literature. At any given time, production in many sectors reflects past decisions to create sector-specific capital in those sectors. In addition, current capital formation can be focused on one or two best sectors depicted by the Hicksian composite unit-value isoquant. Thus, international trade concentrates current investment decisions and yet allows a variety of goods to be produced.

Suggested Citation

  • Ronald W. Jones, 2007. "Specific Factors And Heckscher-Ohlin: An Intertemporal Blend," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 52(01), pages 1-6.
    • Handle: RePEc:wsi:serxxx:v:52:y:2007:i:01:n:s021759080700252x
    DOI: 10.1142/S021759080700252X
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    Cited by:

    1. Ronald W. Jones, 2018. "On Blending Competitive Trade Models," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 19, pages 319-361, World Scientific Publishing Co. Pte. Ltd..
    2. Ronald W. Jones, 2018. "Bubble Diagrams in Trade Theory," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 9, pages 137-152, World Scientific Publishing Co. Pte. Ltd..
    3. Yano, Makoto, 2021. "Professor Ronald W. Jones and his influence on Asia Pacific economics," Journal of Asian Economics, Elsevier, vol. 77(C).
    4. Nuno Calheiros-Lobo & José Vasconcelos Ferreira & Manuel Au-Yong-Oliveira, 2023. "SME Internationalization and Export Performance: A Systematic Review with Bibliometric Analysis," Sustainability, MDPI, vol. 15(11), pages 1-36, May.

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