International factor mobility, minimum wage rates and factor-price equalization: a synthesis
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...
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| Format: | Journal article |
| Language: | English |
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John Wiley & Sons, Inc.
1985
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| Subjects: |
| _version_ | 1797104515384606720 |
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| author | Neary, J |
| author_facet | Neary, J |
| author_sort | Neary, J |
| collection | OXFORD |
| description | 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. |
| first_indexed | 2024-03-07T06:34:50Z |
| format | Journal article |
| id | oxford-uuid:f73cbdad-bbeb-47bc-9a21-22f50040ad8c |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:34:50Z |
| publishDate | 1985 |
| publisher | John Wiley & Sons, Inc. |
| record_format | dspace |
| spelling | oxford-uuid:f73cbdad-bbeb-47bc-9a21-22f50040ad8c2022-03-27T12:41:20ZInternational factor mobility, minimum wage rates and factor-price equalization: a synthesisJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:f73cbdad-bbeb-47bc-9a21-22f50040ad8cEconomicsEnglishOxford University Research Archive - ValetJohn Wiley & Sons, Inc.1985Neary, JThis 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. |
| spellingShingle | Economics Neary, J International factor mobility, minimum wage rates and factor-price equalization: a synthesis |
| title | International factor mobility, minimum wage rates and factor-price equalization: a synthesis |
| title_full | International factor mobility, minimum wage rates and factor-price equalization: a synthesis |
| title_fullStr | International factor mobility, minimum wage rates and factor-price equalization: a synthesis |
| title_full_unstemmed | International factor mobility, minimum wage rates and factor-price equalization: a synthesis |
| title_short | International factor mobility, minimum wage rates and factor-price equalization: a synthesis |
| title_sort | international factor mobility minimum wage rates and factor price equalization a synthesis |
| topic | Economics |
| work_keys_str_mv | AT nearyj internationalfactormobilityminimumwageratesandfactorpriceequalizationasynthesis |