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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/4111| Title: | Factor price equality and biased technical change in a two-cone trade model |
| Keywords: | ddc:330 Internationale Arbeitsteilung Faktorpreis Technischer Fortschritt Bias Wirtschaftswachstum Theorie |
| Issue Date: | 16-Oct-2013 |
| 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/10419/4111 |
| Other Identifiers: | Review of development economics 1363-6669 11 2007 4 685-698 doi:10.1111/j.1467-9361.2007.00421.x http://hdl.handle.net/10419/4111 ppn:554047349 |
| Appears in Collections: | EconStor |
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