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Scientific paper - Preliminary note / Short communication
TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA
Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 30 (2017), 2; 353-370. urn:nbn:hr:145:243636
Jošić, Hrvoje

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Jošić, H. (2017). TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 30. (2), 353-370. Retrieved from https://urn.nsk.hr/urn:nbn:hr:145:243636

Jošić, Hrvoje. "TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. 30, no. 2, 2017, pp. 353-370. https://urn.nsk.hr/urn:nbn:hr:145:243636

Jošić, Hrvoje. "TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues 30, no. 2 (2017): 353-370. https://urn.nsk.hr/urn:nbn:hr:145:243636

Jošić, H. (2017) 'TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA', Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 30(2), pp. 353-370. Available at: https://urn.nsk.hr/urn:nbn:hr:145:243636 (Accessed 07 December 2024)

Jošić H. TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues [Internet]. 2017 December 29 [cited 2024 December 07];30(2):353-370. Available at: https://urn.nsk.hr/urn:nbn:hr:145:243636

H. Jošić, "TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA", Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. 30, no. 2, pp. 353-370, December 2017. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:145:243636. [Accessed: 07 December 2024]

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Metadata
Title (english)TESTING THE FACTOR PROPORTIONS MODEL FOR CROATIA
AuthorHrvoje Jošić
Author's institutionUniversity of Zagreb
Faculty of Economics and Business
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The factor proportions model is one of the main models in international trade theory. It was developed by Swedish economists Eli Heckscher and Bertil Ohlin in the early 1920’s. Based on the merchandise trade data between Croatia and the countries of the European Union and the world and the relative availability of key factors of production, the factor proportions model was tested in the case of Croatia. The sign test was used for this purpose. It compares the expected sign according to the factor proportions model with the sign of the revealed comparative advantages index (RCA). The results of the analysis showed that the factor proportions model does not apply in the case of Croatia. According to the factor proportions model, Croatia does not use its comparative advantages effectively due to the lack of specialization in the production of products which intensively use the country’s relatively abundant factor of production. Limitations of the model are reflected in the fact that some of the assumptions of the factor proportions model are not satisfied.
Keywords (english)
Languageenglish
Publication typeScientific paper - Preliminary note / Short communication
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleEkonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues
Numberingvol. 30, no. 2, pp. 353-370
p-ISSN0353-359X
e-ISSN1847-2206
URN:NBNurn:nbn:hr:145:243636
Publication2017-12-29
Document URLhttps://hrcak.srce.hr/191904
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2018-02-02 09:08:06