Meaning Factor price equalization
What does Factor price equalization mean? Here you find 3 meanings of the word Factor price equalization. You can also add a definition of Factor price equalization yourself
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Factor price equalizationThe tendency for trade to cause factor prices in different countries to become identical. Ohlin (1933) argued that trade would bring factor prices closer together. Samuelson (1948, 1949) showed formal [..]
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Factor price equalizationThe Heckscher–Ohlin prediction that international trade should lead to relative factor prices converging internationally is one that receives abundant ...
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Factor price equalizationAn effect observed in models of international trade -- that the prices of inputs to ("factors of") production in different countries, like wages, are driven towards equality in the a [..]
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