(a) Discuss the meaning and importance of the Leontief paradox. (b) Summarize the empirical results of Kravis,...
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(b) Summarize the empirical results of Kravis, Keesing, Kenen, and Baldwin on the importance of human capital in helping to resolve the paradox.
(c) How was the paradox seemingly resolved by Leamer, Stern, Maskus, and Salvatore and Barazesh?
(d) What is the status of the controversy today?
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a Leontief found that US import substitutes were more Kintensive than US exports even though the Uni...View the full answer
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