EconPapers    
Economics at your fingertips  
 

Necessary and Sufficient Conditions for Factor Price Equalization

Charles Blackorby, William Schworm and Anthony Venables ()

Review of Economic Studies, 1993, vol. 60, issue 2, 413-434

Abstract: Although models with factor price equalization are used frequently in both theoretical and applied research in international economics, only sufficient conditions for factor price equalization have been presented in the literature. In this paper, we present necessary and sufficient conditions for FPE under quite general assumptions about the technologies of different countries. The necessary and sufficient conditions we derive are consistent with joint production, decreasing returns to scale, and substantive differences in the technologies and endowments of different countries. Our results enable us to reconcile the classical approach and the integrated equilibrium approach to factor price equalization.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.2307/2298065 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Necessary and sufficient conditions for factor price equalization (1986)
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:oup:restud:v:60:y:1993:i:2:p:413-434.

Access Statistics for this article

Review of Economic Studies is currently edited by Andrea PratEditor-Name: Bruno BiaisEditor-Name: Kjetil StoreslettenEditor-Name: Enrique Sentana

More articles in Review of Economic Studies from Oxford University Press
Bibliographic data for series maintained by Oxford University Press ().

 
Page updated 2019-11-07
Handle: RePEc:oup:restud:v:60:y:1993:i:2:p:413-434.