Abstract
The Heckscher-Ohlin theorem, together with the factor-price-equalization theorem and two additional theorems (the Stolper-Samuelson theorem and the Rybczynski theorem), are said to constitute the four core theorems of the traditional theory of international trade. The Heckscher-Ohlin theorem and the factor-price-equalization theorem have been treated in Chap. 4; here we shall examine the other two. It is important to note that they are general theorems, in the sense that they also hold for a closed economy; but we shall be concerned with their ultimate impact on open economies.
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References
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Gandolfo, G. (2014). The Four Core Theorems. In: International Trade Theory and Policy. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-37314-5_5
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DOI: https://doi.org/10.1007/978-3-642-37314-5_5
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