LATE-19TH-CENTURY ANGLO-AMERICAN FACTOR-PRICE CONVERGENCE - WERE HECKSCHER AND OHLIN RIGHT
成果类型：
Article; Proceedings Paper
署名作者：
Harvard University
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700015539
发表日期：
1994
页码：
892-916
关键词：
摘要：
Due primarily to transport improvements, commodity prices in Britian and the United States tended to converge between 1870 and 1913. Heckscher and Ohlin, writing in 1919 and 1924, through that these events should have contributed to factor-price convergence. It turns out that Heckscher and Ohlin were right: a significant share of the Anglo-American real-wage convergence was due to commodity-price convergence. It appears that this late nineteenth-century episode was the dramatic start of world-commodity and factor-market integration that continues today.