word
Heckscher-Ohlin Model
HEK-sher OH-lin MOD-ul
/ˈhɛkʃər ˈoʊlɪn ˈmɒdəl/Listen
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Syllable breakdown
HeckscherOhlinmodel
Dictionary meaning
A general equilibrium model of international trade (also known as the H-O or factor proportions theory) predicting that a country exports goods that intensively use its relatively abundant factors of production and imports goods that intensively use its scarce factors.
Examples
- The Heckscher-Ohlin model predicts that capital-abundant countries like the US should export capital-intensive goods.
Synonyms: H-O model, factor proportions theory
Pronunciation tips
Heckscher is Swedish: 'HEK-sher'; Ohlin is also Swedish: 'OH-lin'.
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