Temporal convergence and factor intensities
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.
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
North-Holland Publishing Company
1979
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| _version_ | 1797059019148361728 |
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| author | Jones, R Neary, J |
| author_facet | Jones, R Neary, J |
| author_sort | Jones, R |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-06T19:58:19Z |
| format | Journal article |
| id | oxford-uuid:2668eae4-c618-48e3-938d-d15f6e8c1017 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T19:58:19Z |
| publishDate | 1979 |
| publisher | North-Holland Publishing Company |
| record_format | dspace |
| spelling | oxford-uuid:2668eae4-c618-48e3-938d-d15f6e8c10172022-03-26T12:00:46ZTemporal convergence and factor intensitiesJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:2668eae4-c618-48e3-938d-d15f6e8c1017EnglishDepartment of Economics - ePrintsNorth-Holland Publishing Company1979Jones, RNeary, JIn 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. |
| spellingShingle | Jones, R Neary, J Temporal convergence and factor intensities |
| title | Temporal convergence and factor intensities |
| title_full | Temporal convergence and factor intensities |
| title_fullStr | Temporal convergence and factor intensities |
| title_full_unstemmed | Temporal convergence and factor intensities |
| title_short | Temporal convergence and factor intensities |
| title_sort | temporal convergence and factor intensities |
| work_keys_str_mv | AT jonesr temporalconvergenceandfactorintensities AT nearyj temporalconvergenceandfactorintensities |