Economics · Leontief Paradox
An empirical test carried out in 1951 on the Heckscher-Ohlin model found that the US, despite having abundant capital, exported more labour-intensive commodities and imported more capital-intensive products, which contradicted the H-O theory. Who conducted this famous study?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Wassily Leontief✓
- 2J. B. Say
- 3David Ricardo
- 4Staffan B. Linder
Correct answer
Wassily Leontief
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