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http://hdl.handle.net/10419/3902
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| Title: | | Notes on factor price equality and biased technical change in a two-cone trade model  |
| Authors: | | Becker, Daniel Thomas Gundlach, Erich |
| Issue Date: | | 2006 |
| Series/Report no.: | | Kieler Arbeitspapiere 1300 |
| 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. |
| Subjects: | | Factor price equality Economic growth Two cone trade model |
| JEL: | | F11 O40 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kieler Arbeitspapiere, IfW
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