seattlepi.com, Nov 22: A seemingly mundane anniversary will pass this month unnoticed from any corner of our increasingly globalized world. No one will trumpet the benefits of living in a "post-Rybczynski" world, nor will they appreciate the insights of a young and obscure Polish graduate student toiling at the London School of Economics in the autumn of 1955.
The Rybczynski Theorem relates to small trading economies unable to affect world market prices. It predicts that such economies respond to increasing input availability by increasing the production of goods and services that use these new inputs relatively intensively in their production. Examples of these input shocks abound, from our own Pacific Northwest economy to the smaller nations of the Pacific Rim. Whether we consider the effects of immigration or outsourcing, long-term national savings rates or foreign direct investment, the Rybczynski theorem illuminates our understanding of growth. Click here to continue reading.
Rybczynski Theorem 50th Anniversary, PLU
Heckscher-Ohlin: Flaws, fixes and future, New Economist
The Rybczynski Theorem relates to small trading economies unable to affect world market prices. It predicts that such economies respond to increasing input availability by increasing the production of goods and services that use these new inputs relatively intensively in their production. Examples of these input shocks abound, from our own Pacific Northwest economy to the smaller nations of the Pacific Rim. Whether we consider the effects of immigration or outsourcing, long-term national savings rates or foreign direct investment, the Rybczynski theorem illuminates our understanding of growth. Click here to continue reading.
Rybczynski Theorem 50th Anniversary, PLUHeckscher-Ohlin: Flaws, fixes and future, New Economist
Mahalanobis - am 2005-12-15 03:46 - Rubrik: EconoSchool
dsquared (guest) meinte am 16. Dec, 12:52:
It's a great theorem. I love the way, though, that he starts off by stating the conditions - a small open economy and then two paragraphs later he's applying it to the USA. Economists do this all the time.
