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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 2007
dc.date.accessioned 2013-10-16T06:24:23Z
dc.date.available 2013-10-16T06:24:23Z
dc.date.issued 2013-10-16
dc.identifier Review of development economics 1363-6669 11 2007 4 685-698
dc.identifier doi:10.1111/j.1467-9361.2007.00421.x
dc.identifier http://hdl.handle.net/10419/4111
dc.identifier ppn:554047349
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4111
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.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject ddc:330
dc.subject Internationale Arbeitsteilung
dc.subject Faktorpreis
dc.subject Technischer Fortschritt
dc.subject Bias
dc.subject Wirtschaftswachstum
dc.subject Theorie
dc.title Factor price equality and biased technical change in a two-cone trade model
dc.type doc-type:article


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