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https://ruomo.lib.uom.gr/handle/7000/587
Title: | Revisiting Leontief’s paradox |
Authors: | Paraskevopoulou, Christina Tsaliki, Persefoni Tsoulfidis, Lefteris |
Type: | Article |
Subjects: | FRASCATI::Social sciences::Economics and Business::Economics |
Keywords: | Leontief’s paradox international trade US economy factor content |
Issue Date: | 2016 |
Publisher: | Routledge |
Source: | International Review of Applied Economics |
Volume: | 30 |
Issue: | 6 |
First Page: | 693 |
Last Page: | 713 |
Abstract: | According to the popular Heckscher-Ohlin model of international trade, a country is expected to export (import) those products whose production requires the intensive use of the factor of production that is in relative abundance (scarcity). Leontief (1953), using input–output data of the US economy for the year 1947, found that the US, an overwhelmingly capital-abundant country, exported labour-intensive products and imported capital-intensive ones. Clearly, the results contradicted the predictions of the Heckscher-Ohlin model and they were characterised as ‘Leontief’s paradox’. A number of explanations for the so-called paradox were offered and this paper briefly, but critically, evaluates these explanations as it examines whether or not Leontief’s results persist in the case of the US economy during the period 1998–2012. |
URI: | https://doi.org/10.1080/02692171.2016.1173655 https://ruomo.lib.uom.gr/handle/7000/587 |
ISSN: | 0269-2171 |
Electronic ISSN: | 1465-3486 |
Other Identifiers: | 10.1080/02692171.2016.1173655 |
Appears in Collections: | Department of Economics |
Files in This Item:
File | Description | Size | Format | |
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Tsoulfidis_IRAE_Revisiting Leontief's Paradox_2R.pdf | 276,38 kB | Adobe PDF | View/Open |
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