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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3902| Title: | Notes on factor price equality and biased technical change in a two-cone trade model |
| Keywords: | F11 O40 ddc:330 Factor price equality Economic growth Two cone trade model Faktorpreisausgleich Wirtschaftswachstum Technischer Fortschritt Bias Außenwirtschaftstheorie Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for endogenous commodity prices, we find that economic growth may increase or decrease factor price differences across cones. For a neutral demand side and capital biased growth in the most capital intensive sector, we find that economic growth encourages less factor price diversity across cones. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3902 |
| Other Identifiers: | http://hdl.handle.net/10419/3902 ppn:518929779 |
| Appears in Collections: | EconStor |
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