Evidence on the Heckscher-Ohlin Theorem
- Title:
- Evidence on the Heckscher-Ohlin Theorem
- Description:
-
more » « less
This video discusses evidence for and against the Heckscher-Ohlin Theorem, which hypothesizes that capital-intensive countries will export capital-intensive products, and labor-intensive countries will export labor-intensive products. The theorem was called into question by Nobel Prize-winner Wassily Leontief who calculated labor-output and capital-output ratios for a variety of sectors in the U.S. He then calculated how much capital and labor are embodied in U.S. exports. Leontief found that, although the U.S. by most standards is considered a capital-intensive country, the content of American exports are labor-intensive and content of imports are capital-intensive — the opposite of what the Heckscher-Ohlin Theorem would have you believe.
International Trade course: http://mruniversity.com/courses/international-trade
Ask a question about the video: http://mruniversity.com/courses/international-trade/evidence-heckscher-ohlin-theorem#QandA
Next video: http://mruniversity.com/courses/international-trade/rybczynski-theorem
- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Other videos
- Duration:
- 11:36
Michel Smits edited English subtitles for Evidence on the Heckscher-Ohlin Theorem | ||
Michel Smits edited English subtitles for Evidence on the Heckscher-Ohlin Theorem | ||
Michel Smits edited English subtitles for Evidence on the Heckscher-Ohlin Theorem | ||
sarahdubbert edited English subtitles for Evidence on the Heckscher-Ohlin Theorem | ||
Victoria Autieri edited English subtitles for Evidence on the Heckscher-Ohlin Theorem | ||
Victoria Autieri edited English subtitles for Evidence on the Heckscher-Ohlin Theorem | ||
Victoria Autieri edited English subtitles for Evidence on the Heckscher-Ohlin Theorem | ||
Victoria Autieri edited English subtitles for Evidence on the Heckscher-Ohlin Theorem |