Construct · 1 fields · 1 citations

factor price equalization theorem: a standalone construct

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factor priceequalization theorem1 CONSTRUCTFactor priceSAMUELSON · INTERNATIONAL

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International economics

the proposition that free trade in goods can equalize wages and other factor returns across countries even without factors moving between them.

In international economics, factor price equalization theorem refers to the proposition that free trade in goods can equalize wages and other factor returns across countries even without factors moving between them. This meaning comes from Samuelson (1948) in The Economic Journal.[1]

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Nearby constructs

factor3 fields · 4 citationsjingle · one word, three constructsproposition3 fields · 6 citationsjingle · one word, three constructs

References

  1. Samuelson, P. A. (1948). International Trade and the Equalisation of Factor Prices. The Economic Journal, 58(230), 163. https://doi.org/10.2307/2225933

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