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Notes on factor price equality and biased technical change in a two-cone trade model

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dc.creator Becker, Daniel Thomas
dc.creator Gundlach, Erich
dc.date 2006
dc.date.accessioned 2013-10-16T06:18:32Z
dc.date.available 2013-10-16T06:18:32Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/3902
dc.identifier ppn:518929779
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/3902
dc.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.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1300
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F11
dc.subject O40
dc.subject ddc:330
dc.subject Factor price equality
dc.subject Economic growth
dc.subject Two cone trade model
dc.subject Faktorpreisausgleich
dc.subject Wirtschaftswachstum
dc.subject Technischer Fortschritt
dc.subject Bias
dc.subject Außenwirtschaftstheorie
dc.subject Theorie
dc.title Notes on factor price equality and biased technical change in a two-cone trade model
dc.type doc-type:workingPaper

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