학술저널
Factor Price Equalization: Theory and Evidence
Factor Price Equalization: Theory and Evidence
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제8권 제1호
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1993.031 - 32 (32 pages)
- 5
Students of international economics have absorbed the factor price equalization (FPE) theorem over recent decades. It may be time to reconsider that factor prices would likely converge outside the context of the formal Heckscher-Ohlin-Lerner-Samuelson model. This paper reviews the theoretical evolution of FPE and the empirical evidence regarding the influence of trade on the international pattern of factor prices.
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