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Three Models

In: The Theory of International Trade

Author

Listed:
  • Branko Horvat

    (The Institute for Advanced Studies)

Abstract

So far only two models of foreign trade have been developed and fully explored. The classical or Ricardian model is the older one. The neoclassical or Heckscher—Ohlin model is the contemporary one. Following the lead provided by J. Bhagwati and T.N. Srinivasan (1983, pp. 9, 50), I shall describe them in the somewhat modified fashion indicating the essential characteristics in Table 12.1.

Suggested Citation

  • Branko Horvat, 1999. "Three Models," Palgrave Macmillan Books, in: The Theory of International Trade, chapter 12, pages 75-81, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-98338-6_12
    DOI: 10.1057/9780333983386_12
    as

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