Leontief Paradox
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.
This econometric find was the result of Professor Wassily W. Leontief's attempt to test the Heckscher-Ohlin theory empirically. In 1954, Leontief found that the U.S. (the most capital-abundant country in the world) exported labor-intensive commodities and imported capital-intensive commodities, in contradiction with Heckscher-Ohlin theory ("H-O theory").
Read more about Leontief Paradox: Measurements, Responses To The Paradox
Famous quotes containing the word paradox:
“... it is the desert’s grimness, its stillness and isolation, that bring us back to love. Here we discover the paradox of the contemplative life, that the desert of solitude can be the school where we learn to love others.”
—Kathleen Norris (b. 1947)