One of the big reasons the model still holds is that when we account for productivity, we can see that abundance changes. For example, before accounting for productivity, in 2013 the United States arable land was only 13% of the worlds total arable land. Though, when we account for productivity, it became 20.7% of the worlds "effective" arable land.
Simple and quantitative relativity concept such as labor intensive or capital intensive etc. does not fully explains the comparative power. The quality of resources plays an important role. The intelligece and higher education also helps
I don't have that much knowledge of Thailand, so this conjecture. Thailand has a relatively large area of high quality arable land that is particularly suited to rice cultivation. Therefore, rice exports. As for imports, it is most likely to be goods that require large amounts of capital inputs. However, as I said earlier, I don't really know Thailand, so I would be interested to find out what someone more knowledgeable about the country has to say.
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Your voice is incredible. I want you to narrate my life
So true!!
Only if it was half as interested as leontief paradox 😂😂
I'm an economics student and your videos are brilliant, thank you! And your voice is so calm, it's like uploading information straight onto my brain!!
One of the big reasons the model still holds is that when we account for productivity, we can see that abundance changes. For example, before accounting for productivity, in 2013 the United States arable land was only 13% of the worlds total arable land. Though, when we account for productivity, it became 20.7% of the worlds "effective" arable land.
Amazing video, beautifully explained! Thanks for sharing.
O dear it's very loving and to the point explanation
Learned lot from this video! thank you!
love u
Thank you so much. Helpful.
Very Helpful! Thank you :)
Perfect explanation
Simple and quantitative relativity concept such as labor intensive or capital intensive etc. does not fully explains the comparative power. The quality of resources plays an important role. The intelligece and higher education also helps
wow just wow, mesmerizing theory mesmerizing voice.
From the theory explained in this VDO, what kind of products that Thailand should import and export?
I don't have that much knowledge of Thailand, so this conjecture. Thailand has a relatively large area of high quality arable land that is particularly suited to rice cultivation. Therefore, rice exports. As for imports, it is most likely to be goods that require large amounts of capital inputs. However, as I said earlier, I don't really know Thailand, so I would be interested to find out what someone more knowledgeable about the country has to say.
so helpful thank u sir...
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Thank you very much 💙
Thank you
nice video, however, you have a typo in the description Leontief
Very Great
thx you so much !!!!!!!!
protectionism is the reason for this leontief paradox 😅
2:30 heath ledger 😁😁
great
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hindi me bhejiye
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Wow
I paid 9.250k for this video.