In this paper we revisit the influential theory of monopolistic competition and optimum product variety as developed by Dixit Stiglitz (1977) with applications in international trade Krugman (1979,1980), modeling fixed variable costs production terms underlying use skilled unskilled labor a single good model. This is different from earlier work on multi sector variant cum Heckscher-Ohlin-Samuel...

Purpose Research based on Bangladesh–US trade data examines the Heckscher–Ohlin model and Rybczynski hypothesis in this study. Design/methodology/approach Ordinary least square (OLS) techniques are used study, which relies from NBER International Trade Geography Data UN Comtrade Database for years 2018 2008. Findings The research shows that between United States Bangladesh follows Rybcyzinski's...

 Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-price equalization, there is no convergence of incomes. This is because with identical preferences and return to capital, irrespective of initial levels the growth rates of consumption are the same....

We illustrate a new source of comparative advantage that is generated by countries’ different ability to adjust technological change. Our model introduces substitution workers in codifiable (routine) tasks with more efficient machines, process extensively documented the labor literature, into canonical 2 × Heckscher-Ohlin model. key hypothesis reallocation across subject frictions, importance whic...