학술저널
Tests of the Factor Price Equalization Theorem
Tests of the Factor Price Equalization Theorem
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제11권 제2호
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1996.06146 - 159 (14 pages)
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Using annual data for 21 OECD countries over the period 1960 to 1993 this paper tests whether real wages have converged to a common mean alongside with increasing openness, as predicted by the factor price equalization theorem. The empirical estimates suggest that real wage convergence has taken place in most OECD countries. ([EL F02, J3)
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