Who is the Heckscher in the Heckscher–Ohlin model?
Eli Heckscher
Emanuel Heckscher
Edward Heckscher
Erik Heckscher
Answer
Eli Heckscher was a Swedish economist who, along with Bertil Ohlin, developed the Heckscher–Ohlin model of international trade. The model predicts that the pattern of trade between countries is determined by the relative abundance of factors of production, such as capital and labor, in each country. Countries with a relative abundance of capital will export capital-intensive goods, while countries with a relative abundance of labor will export labor-intensive goods.
The Ohlin Odyssey: An Engaging English Quiz on the Life and Contributions of Bertil Ohlin
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