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Comments on Factor Prices and Income Distribution in Less Industrialised Economies, 1870-1939: Refocusing on the Frontier.

Abstract:

A great deal of the current research into nineteenth- and twentieth-century globalisation has been focused through a neoclassical trade theory lens. Applying the Stopler-Samuelson paradigm from Heckscher-Ohlin trade theory, the result is an approach that sees price convergence as pivotal in defining, identifying, and measuring globalisation. This focus, however, obscures the implications of frontier incorporation and other insights achieved by viewing nineteenth-century globalisation as a mec...

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Journal:
Australian Economic History Review
Volume:
47
Publication date:
2007-01-01
URN:
uuid:1ac9c14e-8f30-413d-aa2c-d0323f0fe286
Local pid:
oai:economics.ouls.ox.ac.uk:12536
Language:
English

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