Factor Bias and Technical Progress

Ronald Findlay and Ronald Jones

Chapter 11 in International Trade Theory and Competitive Models:Features, Values, and Criticisms, 2018, pp 167-173 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The role of factor bias in technical progress has been a bone of contention between labor economists and international trade theorists. By considering progress that results in finite changes in techniques these two views can be reconciled. For example, labor-saving technical progress can result in lowered real wages, even if it is concentrated in the more labor-intensive of two commodities initially produced…

Keywords: International Trade Theory; Models; Competitive Markets (search for similar items in EconPapers)
JEL-codes: R10 (search for similar items in EconPapers)
Date: 2018
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Journal Article: Factor bias and technical progress (2000)
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