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Temporal convergence and factor intensities

Abstract:
In the two-sector neoclassical production model with no factor-market distortions, the value and physical factor-intensity rankings of the two sectors may differ when the economy is out of long-run equilibrium, but such a difference does not imply any failure of convergence to long-run equilibrium.
Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Rochester
Role:
Author
More by this author
Institution:
University of Oxford
Research group:
Industrial Economics
Oxford college:
Merton College
Department:
Social Sciences Division - Economics
Role:
Author
Publisher:
North-Holland Publishing Company
Journal:
Economics letters Journal website
Volume:
3
Issue:
4
Pages:
311-314
Publication date:
1979-01-01
DOI:
ISSN:
0165-1765
URN:
uuid:47e10f2d-4c0e-4c6a-999f-93b06b5ea564
Local pid:
ora:2240
Language:
English
Subjects:

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