How Long to Read The Development and Testing of Heckscher-Ohlin Trade Models

How Long Does it Take to Read The Development and Testing of Heckscher-Ohlin Trade Models?

It takes the average reader 4 hours and 1 minute to read The Development and Testing of Heckscher-Ohlin Trade Models by Robert E. Baldwin

Assuming a reading speed of 250 words per minute. Learn more

Description

A review of the theoretical twists and turns in the development of the Heckscher-Ohlin model and an empirical assessment of the basic model and three related theorems. No names are more closely associated with modern trade theory than Eli Heckscher and Bertil Ohlin. The basic Heckscher-Ohlin proposition, according to which a country exports factors in abundant supply and imports factors in scarce supply, is a key component of modern trade theory. In this book, Robert Baldwin traces the development of the HO model, describing the historical twists and turns that have led to the basic modern theoretical model in use today. Baldwin not only presents a clear and cohesive view of the model's evolution but also reviews the results of empirical tests its various versions. Baldwin, who published his first theoretical article on the HO model in 1948, first surveys the development of the HO model and then assesses empirical tests of its predictions. Most discussions of empirical work on HO models confine themselves to the basic theorem, but Baldwin devotes a chapter to empirical tests of three related propositions: the Stolper-Samuelson theorem; the Rybczynski theorem; and the factor price equalization theorem. He concludes that the formulation and testing of these later models have improved economists' understanding of the forces shaping international trade, but that many empirical trade economists (himself included) were so enamored of the elegant but highly unrealistic factor price equalization models developed from the insights of Heckscher and Ohlin that they have neglected investigation of other models without this relationship.

How long is The Development and Testing of Heckscher-Ohlin Trade Models?

The Development and Testing of Heckscher-Ohlin Trade Models by Robert E. Baldwin is 241 pages long, and a total of 60,491 words.

This makes it 81% the length of the average book. It also has 74% more words than the average book.

How Long Does it Take to Read The Development and Testing of Heckscher-Ohlin Trade Models Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 30 minutes to read The Development and Testing of Heckscher-Ohlin Trade Models aloud.

What Reading Level is The Development and Testing of Heckscher-Ohlin Trade Models?

The Development and Testing of Heckscher-Ohlin Trade Models is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Development and Testing of Heckscher-Ohlin Trade Models?

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