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| Author: | Xu, B. |
| Title: | Factor bias, sector bias, and the effects of technical progress on relative factor prices |
| Journal: | Journal of International Economics
2001 : JUN, VOL. 54:1, p. 5-25 |
| Index terms: | Factor analysis Technological change |
| Freeterms: | Factor prices Sector bias |
| Language: | eng |
| Abstract: | The effects of technical progress on relative factor prices in the two-country, two-good, two-factor. Heckscher-Ohlin model are investigated. Technical progress is classified according to factor-augmenting bias, factor-using bias, and sector bias. A complete set of relations between technical progress parameters and relative factor prices, depending on the elasticities of substitution in demand and in production, are worked out. The relative importance of factor bias and sector bias of technical change in determining relative factor prices are examined. |
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