By H.Peter Gray
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Additional resources for A Generalized Theory of International Trade
3 6 Later, in 'Reflections', Ohlin was more aware of the dangers inherent in the assumption of identical production functions. Interregional and International Trade ( 1933 ), p. 15. , p. 14. 36 See Caves, Trade and Economic Structure, p. 27. This whole discussion should be qualified by pointing out that the orthodox theory can incorporate production functions that are Hicks-neutrally different. 34 3 5 The Shortcomings of the Orthodox Theory 31 This awareness seems to stem from the overly precise theorems that depended upon the assumption.
The modifiers will apply unequally to different goods and will affect the efficiency of individual inputs differently. Thus, the modifier is not multiplicative for each element inside the input-mix element affecting the efficiency of each element equally in the way in which neutral technical change is incorporated into some of the more modem theoretical models. The input-mix elements are similar to the production functions of Ohlin. In the absence of modifiers, the input-mix elements are determined by the 'physical conditions of production'that is by the available basic knowledge.
However, factor prices can be such that the ensuing shift between periods, t+, will bring forth increments to (decrements from) domestic factor supplies as well as instigating the international movement of any of the mobile factors of production. For example, if a piece of technological knowhow were to be transferred in t-, the length of the ensuing period, t, is that in which the technological innovation is ingested into the recipient economy so that it will produce a new set of factor prices given the inability of the quantity of a factor supplied to change within a period.