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Essay heading: Input-Output Economics
 
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Issue: Business
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Date added: December 15, 2006
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No of pages / words: 26 / 7117
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Input-output economics, based on the Heckscher-Ohlin theory and defined by the findings of Wassily Leontief forms the biggest most well known part. However, there are other areas which deserve to be mentioned in order to round out the discussion. These other areas are the Ricardian model of comparative advantage, Posner's technological-gap theory and Vernon's product life-cycle theory...
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However, there are other areas which deserve to be mentioned in order to round out the discussion. These other areas are the Ricardian model of comparative advantage, Posner's technological-gap theory and Vernon's product life-cycle theory. The Ricardian model, which is the next most important model to that on which input-output economics is based, will be described in some depth for the sake of comparison and to give an alternative insight into the discipline of trade theory...
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