Abstract
The mainstream trade theory revolves around the four theorems described earlier: (1) the Heckscher—Ohlin theorem determining the pattern of trade, (2) the factor—price equalization theorem, (3) the Stolper—Samuelson theorem on changes in relative factor prices depending on different factor intensities of countries starting to trade with each other and (4) the Rybczynski theorem determining output changes when the supply of a particular factor increases depending on factor intensity of output.
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© 1999 Branko Horvat
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Horvat, B. (1999). Four Hypotheses. In: The Theory of International Trade. Palgrave Macmillan, London. https://doi.org/10.1057/9780333983386_14
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DOI: https://doi.org/10.1057/9780333983386_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-40784-2
Online ISBN: 978-0-333-98338-6
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