Iti Fitter Trade Theory Notes Pdf Better ((top)) -

ITI Fitter Trade Theory Notes PDF: A Comprehensive Guide to Better Understanding

10. Short formulae / relationships

• Relative factor abundance: (K/L)countryA > (K/L)countryB.
• Comparative advantage mapping: abundant factor → export good that uses that factor intensively.
• Stolper‑Samuelson (qualitative): ↑ p_good_intensive_in_factor → ↑ real return to that factor, ↓ real return to other.

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What is ITI Fitter Trade Theory?