THE POSSIBILITY OF FACTOR PRICE EQUALIZATION, REVISITED
成果类型：
Article
署名作者：
DEARDORFF, AV
刊物名称：
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN：
0022-1996
DOI：
10.1016/0022-1996(94)90063-9
发表日期：
1994
页码：
167-175
关键词：
摘要：
This paper derives a condition for factor price equalization (FPE) in a Heckscher-Ohlin model with many goods, factors, and countries. Using Dixit and Norman's integrated world economy (IWE) two sets, called lenses, are constructed: one spanned by the factor vectors used to produce goods in the IWE; the other spanned by the countries' factor endowments, If the factor-endowment lens ever passes outside the factor-use lens, then FPE is impossible. In this sense, therefore, FPE requires that factor endowments vary less across countries than factor intensities vary across industries.
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