Temporal convergence and factor intensities

Temporal convergence and factor intensities

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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.

Manylion Llyfryddiaeth
Prif Awduron:	Jones, R, Neary, J
Fformat:	Journal article
Iaith:	English
Cyhoeddwyd:	North-Holland Publishing Company 1979
Pynciau:	Economics

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