The Tendency towards Factor Price Equalization among OECD Countries
检验了十六个OECD国家在1961-84年间贸易扩张是否导致要素价格趋同，发现贸易开放度是影响价格差异的最重要因素，并区分了高工资与低工资国家。
The authors conduct tests to gain insight into the empirical relevance of the proposition that factor prices converge as trade expands. The test results support the proposition of factor price convergence in sixteen OECD countries during the 1961-84 period. Regression analyses support the view that trade openness has been the most significant factor influencing variations. This paper also distinguishes between high wage and low wage countries. Pooled ordinary least squares estimates indicate that Canada, the United States, Denmark, West Germany, the Netherlands, and Sweden are high wage and Japan, New Zealand, Austria, Belgium, Finland, France, Ireland, Norway, Switzerland, and the United Kingdom are low wage countries. Further results using the Within estimations technique are provided. Copyright 1989 by MIT Press.