Naslov
Testing Rybczynski Theorem : An Evidence from The Selected European Transition Countries

Autori
Jurčić, Ljubo ; Jošić, Hrvoje ; Jošić, Mislav

Izvornik
Mediterranean journal of social sciences (2039-9340) 4 (2013), 10; 99-105

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Factor endowment ; Heckscher-Ohlin theory ; Rybczynski theorem ; transition European countries ; cointegration ; Johansen approach

Sažetak
The goal of the paper is to test Rybczynski theorem in the case of selected European transition countries. Simple HeckscherOhlin model is extended in the analysis of many countries, two production factors and two products in the model. Assumptions of the theorem are conducted to scrutiny. The results of the analysis reject the hypothesis of the paper which states that “an increase in the endowment of one production factor, all other variables unchanged, will increase, by a greater proportion, the production of good that intensively uses that factor of production”. There is an existence of cointegration between input-output changes only in case of Poland. There are few key reasonswhy Rybczynski theorem does not hold in European transition countries: human capital and land as other factors of production, unemployment, increasing marginal costs of production, trade barriers, differences in technology among countries, product diversification and other factors related to globalization and liberalisation of world trade.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA