Journal article
International factor mobility, minimum wage rates and factor-price equalization: a synthesis
- Abstract:
- This paper examines the behavior of a small open economy facing perfectly elastic supply curves for some of its productive factors. In particular, the paper derives some comparative statics properties of such economies, compares them with the properties of otherwise identical economies in which all factor prices are determined endogenously, and investigates the relationship between factor-price rigidities, factor-price equalization, and the pattern of specialization. Among the new results which are proved, it is shown that, as more and more factor-price rigidities are imposed on an economy, it comes "closer" to a state of factor-price equalization.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
Authors
- Publisher:
- John Wiley & Sons, Inc.
- Journal:
- Quarterly journal of economics More from this journal
- Volume:
- 100
- Issue:
- 3
- Pages:
- 551-570
- Publication date:
- 1985-08-01
- ISSN:
-
0033-5533
- Language:
-
English
- Keywords:
- Subjects:
- UUID:
-
uuid:f73cbdad-bbeb-47bc-9a21-22f50040ad8c
- Local pid:
-
ora:2214
- Deposit date:
-
2008-07-23
- ARK identifier:
Terms of use
- Copyright holder:
- President and Fellows of Harvard College
- Copyright date:
- 1985
- Notes:
- N.B. Professor Neary was based at University College Dublin when this article was first published. The full-text of the article is not available in ORA at this time. Citation: Neary, J. P. (1985). 'International factor mobility, minimum wage rates and factor-price equalization: a synthesis', Quarterly Journal of Economics, 100(3), 551-570.
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