@techreport{Becker2006Notes,
abstract = {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.},
address = {Rostock},
author = {Daniel Thomas Becker and Erich Gundlach},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F11; O1; O40; 330; Factor Price Equalization; Cones of Diversification; Trade; Technical Change; Growth},
language = {eng},
number = {68},
publisher = {Univ., Wirtschafts- und Sozialwiss. Fak.},
title = {Notes on factor price equality and biased technical change in a two-cone trade model},
type = {Th\"{u}nen-series of applied economic theory},
url = {http://hdl.handle.net/10419/39731},
year = {2006}
}
