The finding of Leontief (1954) that U.S. imports embodied a higher ratio of capital to labor than U.S. exports. This was surprising because it was thought that the U.S. was capital abundant, and theHeckscher-Ohlin Theorem would then predict that U.S. exports would be relatively capital intensive.
Related information about Leontief Paradox:
- Leontief paradox - Wikipedia, the free encyclopedia
Leontief's paradox in economics is that the country with the world's highest capital-per worker has a lower capital/labor ratio in exports than in imports.
- The Leontief Paradox
This result has come to be known as the Leontief Paradox. [para = contrary to, doxa = opinion]. Leontief took the profession by surprise and stimulated an ...
- Leontief Paradox - Financial Dictionary - The Free Dictionary
The concept that countries with a great deal of capital available import capital intensive commodities and export labor intensive commodities. This contradicts ...
- What is Leontief Paradox? definition and meaning
Definition of Leontief Paradox: The finding of Leontief (1954) that U.S. imports embodied a higher ratio of capital to labor than U.S. exports. This was surprising ...
- Leontief Paradox (political economics) -- Britannica Online ...
He also is known for the “Leontief Paradox.” Economists had previously held that a country's exports reflect the commodity most abundant in that country—i.e., ...
- Leontief paradox Overview
Compare Leontief paradox to different paradoxes by type, subtype, or explanation.
- How is the Leontief paradox classified?
How is the Leontief paradox classified? Leontief paradox has the following classification... Find the full answer at sciencedaily.com.
- Comments The Leontief Paradox, Continued - JStor
I. Introduction. According to Leamer (1980), the Leontief Paradox is based on a ... modified version of the Leontief Paradox continues to stand. Comments and ...