Summary of the Discussion

Bertil Ohlin, Per-Ove Hesselborn and Per Magnus Wijkman

A chapter in The International Allocation of Economic Activity, 1977, pp 227-229 from Palgrave Macmillan

Abstract: Abstract The discussion first concerned the difficulties and pitfalls involved in attempts to measure economic integration by the degree of price equalisation. Factor price equality, suggested as one definition of integration, could be achieved, it was argued, in other ways than through market integration. Attention was also given to the problem of measuring integration when prices are used for other purposes than to clear markets. A second issue concerned the need to consider actual political units and their policy aims when discussing geographic integration. This session was chaired by Jagdish N. Bhagwati.

Keywords: Interest Rate; Monetary Policy; Economic Integration; Factor Price; Market Integration (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_18

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