Macro · Structures & Institutions Stub 1933
Heckscher-Ohlin Factor Endowment Theory
헥셔-올린 무역모형
A foundational neoclassical international trade theory stating that a country will export goods that intensively use its abundant, cheap factors of production and import goods intensive in its scarce factors.
| Field | Economics · International Relations |
|---|---|
| Level of analysis | Macro · Structures & Institutions |
| Paradigm | Rational Choice Structuralism |
| Key figures | 👤 Bertil Ohlin (베르틸 올린) |
| Year | 1933 |
Key Claims
Eli Heckscher and Bertil Ohlin explained patterns of comparative advantage through international differences in factor endowments. Countries with abundant capital export capital-intensive manufactures, while labor-abundant countries export labor-intensive commodities, driving global factor-price equalization.
Further Reading
- Ohlin, B. (1933). Interregional and International Trade. Harvard University Press.
- Heckscher, E. (1919). The effect of foreign trade on the distribution of income. Ekonomisk Tidskrift, 21, 497–512.