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| Title: | | Factor price equality and biased technical change in a two-cone trade model |
| Authors: | | Becker, Daniel Thomas Gundlach, Erich |
| Issue Date: | | 2007 |
| Citation: | | [Journal:] Review of development economics [ISSN:] 1363-6669 [Volume:] 11 [Year:] 2007 [Issue:] 4 [Pages:] 685-698 |
| 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. |
| Persistent Identifier of the first edition: | | doi:10.1111/j.1467-9361.2007.00421.x |
| Document Type: | | Article |
| Appears in Collections: | | Economists Online
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