Technical Progress, Price Adjustments, and Wages

Ronald Jones

Review of International Economics, 2000, vol. 8, issue 3, 497-503

Abstract: Technical progress that takes place in one country is often soon transmitted to major trading partners, leading to adjustments in equilibrium commodity prices. This paper makes use of the twin concepts of differential industry effects and differential factor effects to ask about the role of each in determining how progress affects real wages. A simple diagram is utilized to illustrate in general settings the importance of factor bias in technology and the elasticity of substitution in demand in the analysis of real wage changes.

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://doi.org/10.1111/1467-9396.00237

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:reviec:v:8:y:2000:i:3:p:497-503

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0965-7576

Access Statistics for this article

Review of International Economics is currently edited by E. Kwan Choi

More articles in Review of International Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().