Factor mobility and the general equilibrium model of production

John Hill; Jose Mendez

doi:10.1016/0022-1996(83)90039-9

Factor mobility and the general equilibrium model of production

John Hill, Jose Mendez

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Abstract

The two-sector production model is generalized to accommodate any degree of mobility in the two factors. The model provides a convenient framework for exploring the manner in which factor mobilities interact with factor intensities in resolving a number of basic issues in neoclassical trade theory. Particular emphasis is placed on determining the importance of absolute mobility when the two factors are equally mobile, and of the size of the mobility differential when factor intensities are equal across sectors.

Original language	English (US)
Pages (from-to)	19-26
Number of pages	8
Journal	Journal of International Economics
Volume	15
Issue number	1-2
DOIs	https://doi.org/10.1016/0022-1996(83)90039-9
State	Published - Aug 1983

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0022-1996(83)90039-9

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abstract = "The two-sector production model is generalized to accommodate any degree of mobility in the two factors. The model provides a convenient framework for exploring the manner in which factor mobilities interact with factor intensities in resolving a number of basic issues in neoclassical trade theory. Particular emphasis is placed on determining the importance of absolute mobility when the two factors are equally mobile, and of the size of the mobility differential when factor intensities are equal across sectors.",

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Factor mobility and the general equilibrium model of production

Abstract

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