This paper introduces the concepts of direct and indirect factor trade utility functions and uses them to derive Marshallian and Hicksian factor content functions, which express the quantities of factors embodied in ...
Neary, J. Peter(University College Dublin. School of Economics, 1984-04)
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 ...
Due primarily to transport improvements, commodity prices in Britain and America tended to equalize 1870-1913. This commodity price equalization was not simply manifested by the great New World grain invasion of Europe. ...