IDEAS home Printed from https://ideas.repec.org/p/ucn/wpaper/198422.html
   My bibliography  Save this paper

The observational equivalence of the Ricardian and Heckscher-Ohlin explanations of trade patterns

Author

Listed:
  • J. Peter Neary

Abstract

This paper reviews the issue, first considered by J. L. Ford of the observational (as opposed to the logical) equivalence of the Ricardian and Heckscher-Ohlin explanations of trade patterns. A necessary and sufficient condition for local equivalence is derived and interpreted: loosely speaking, capital intensity and elasticities of substitution must be positively associated across sectors. However, it is shown that global equivalence may be prevented either by factor intensity reversals or by labour productivity reversals. Finally, it is noted that conditions which guarantee equivalence appear to be empirically plausible.

Suggested Citation

  • J. Peter Neary, 1984. "The observational equivalence of the Ricardian and Heckscher-Ohlin explanations of trade patterns," Working Papers 198422, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:198422
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10197/1411
    File Function: First version, 1984
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucn:wpaper:198422. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nicolas Clifton (email available below). General contact details of provider: https://edirc.repec.org/data/educdie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.