Chapter12 Leontief Paradox There exist two possible methods for the investigation,the inductive inference and deductive inference.The inductive inference collects empirical observations and infers the general conclusion from them.Although it is very useful for the practical purposes,the inductive inference ...
Research programs, model-building and actor-network-theory: Reassessing the case of the Leontief Paradox. The Journal of Economic Methodology 2004; 11 (4): 455-76.Bledin, Justin and Sharon Shewmake. 2004. Research Programs, Model-Building, and Actor-Network-Theory: Reassessing the Case of the...
The Leontief Paradox, as it came to be known, led many economists to question the Heckscher-Ohlin Theorem, which states that countries produce and export what they can create most efficiently, depending on their factors of production. Moreover, they import goods that they cannot produce as effic...
Heckscher-Ohlin theory, a theory of comparative advantage in international trade that correlates the relative plenitude of capital and labor between countries with the prevalence of capital- or labor-intensive products in their exports and imports.