Summary of the Discussion

Bertil Ohlin, Per-Ove Hesselborn and Per Magnus Wijkman

A chapter in The International Allocation of Economic Activity, 1977, pp 92-102 from Palgrave Macmillan

Abstract: Abstract The discussion first dealt with the validity of the factor price equalisation theorem and the relation between commodity and factor movements. It also considered the assumption of identical production functions in different countries and the possibility of factor intensity reversals. Suggestions were made to extend the factor proportions model to incorporate growth in factor supplies, indivisibilities, discontinuous space and historical irreversibility. The discussion ended with some reflections on the purpose and the methodology of standard trade theory, in particular on the value of ‘simple’ models based on ‘unrealistic’ assumptions. This session was chaired by Charles P. Kindleberger.

Keywords: Production Function; Factor Price; Trade Theory; Guest Worker; Factor Price Equalisation (search for similar items in EconPapers)
Date: 1977
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Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
Chapter: Summary of the Discussion (1977)
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DOI: 10.1007/978-1-349-03196-2_6

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