Factor-savingBiased in favor of using less of a particular factor.
Factor intensity reversalFactor intensity reversal
A property of the technologies for two industries such that their ordering of relative factor intensities is different at different factor prices. For example, one industry may be relatively capital intensive compared to the other at high relative wages and labor intensive at low relative wages. Some propositions of the Heckscher-Ohlin Model require the absence of FIRs.
Discount factorDiscount factor
Present value of $1 received at a stated future date.
Factor content pattern of tradeFactor content pattern of trade
The trade pattern of a country or the world, focusing on factor content of the goods and services that are traded, as opposed to the commodity pattern of trade.
Factor augmentingFactor augmenting
Said of a technological change or technological difference if production functions differ by scaling of a factor input only: F2(V1,V2)=F1(lV1,V2), where F1(·) and F2(·) are the production functions being compared, V1 is the factor being augmented, V2 is a vector of all other factor inputs, and l is a constant.
Biased in favor of using more of a particular factor.
Further SuggestionsSpecific factors model
Net benefit to leverage factor
Factor price frontier
International factor movement
Direct factor content
One factor APT
Direct-plus-indirect factor content