Leontief Paradox

(International Trade Theory)


International Trade Theory
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What is Leontief paradox?

Leontief's paradox in economics is that a country with a higher capital per worker has a lower capital/labor ratio in exports than in imports. This econometric find was the result of Wassily W. Leontief's attempt to test the Heckscher–Ohlin theory ("H–O theory") empirically. In 1953, Leontief found that the United States—the most capital-abundant country in the world—exported commodities that were more labor-intensive than capital-intensive, contrary to H-O theory. Leontief inferred from this result that the U.S. should adapt its competitive policy to match its economic realities.

Technology Types

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