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http://ssrn.com/abstract=225595
 
 

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Convergence and International Factor Flows in Theory and History


Alan M. Taylor


University of Virginia - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

October 1996

NBER Working Paper No. w5798

Abstract:     
Standard neoclassical growth models rarely admits international factor mobility: convergence may result from factor accumulation in a closed economy, or from technology transfer. Conventional models are thus poorly equipped to explain the contribution of international factor flows to convergence in history. A general model with many goods, and multiple mobile and fixed factors is developed. In response to recent historical research, a four-factor case is studied, with labor, capital, and resources as potentially mobile factors, and land fixed. The model is then explored in the context of recent historical analyses of the sources of long-run convergence and divergence.

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Date posted: August 4, 2000  

Suggested Citation

Taylor, Alan M., Convergence and International Factor Flows in Theory and History (October 1996). NBER Working Paper No. w5798. Available at SSRN: http://ssrn.com/abstract=225595

Contact Information

Alan M. Taylor (Contact Author)
University of Virginia (UVA) - Department of Economics ( email )
P.O. Box 400182
Charlottesville, VA 22904-4182
United States
(434)-924-3177 (Phone)
(434)-982-2904 (Fax)
HOME PAGE: http://people.virginia.edu/~amt7u
National Bureau of Economic Research (NBER)
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Cambridge, MA 02138
United States
HOME PAGE: http://nber.org
Centre for Economic Policy Research (CEPR)
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London, EC1V 3PZ
United Kingdom
HOME PAGE: http://cepr.org
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