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factor endowments

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  • Factor price equalization — is an economic theory, which states that the relative prices for two identical factors of production in the same market will eventually equal each other because of competition. The price for each single factor need not become equal, but relative… …   Wikipedia

  • Factor endowment — In economics a country s factor endowment is commonly understood as the amount of land, labor, capital, and entrepreneurship that a country possesses and can exploit for manufacturing. Countries with a large endowment of resources tend to be more …   Wikipedia

  • College and university endowments in the United States — In the United States, the total financial endowment can be over one billion dollars at many of the richest universities. [http://www.nacubo.org/x2376.xml National Association of Colleges and University Business Professionals Endowment Study]… …   Wikipedia

  • Heckscher-Ohlin model — The Heckscher Ohlin model (H O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo s theory of comparative… …   Wikipedia

  • Convergence (economics) — The idea of convergence in economics (also sometimes known as the catch up effect) is the hypothesis that poorer economies per capita incomes will tend to grow at faster rates than richer economies. As a result, all economies should eventually… …   Wikipedia

  • Intra-industry trade — refers to the exchange of products belonging to the same industry. The term is usually applied to international trade, where the same kinds of goods and services are both imported and exported. ExamplesExamples of this kind of trade include… …   Wikipedia

  • Kenneth Sokoloff — Infobox Scientist name = Kenneth Sokoloff image width = caption = birth date = July 27, 1952 birth place = Philadelphia, Pennsylvania death date = May 21, 2007 death place = Los Angeles, California residence = nationality = USA field = Economist… …   Wikipedia

  • Economic growth — GDP real growth rates, 1990–1998 and 1990–2006, in selected countries …   Wikipedia

  • Linder hypothesis — The Linder hypothesis is a conjecture in economics about international trade patterns. The hypothesis is that the more similar are the demand structures of countries the more they will trade with one another. Further, international trade will… …   Wikipedia

  • international trade — Introduction       economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …   Universalium

  • Rybczynski-Theorem — Das Rybczynski Theorem wurde 1955 vom polnischen Ökonomen Tadeusz Rybczynski (1923 1998) in seinem Aufsatz: Factor Endowments and Relative Commodity Prices veröffentlicht. Es beschreibt die ungleiche Wirkung von Ressourcenänderungen auf die… …   Deutsch Wikipedia

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