Factor Proportions, Openness and Factor Prices in Kenya 1965–2000
研究了1965年以来肯尼亚要素丰裕度和开放度变化如何影响相对要素价格,发现长期由要素比例决定,开放度可能有短期影响,1990年代后期工资快速增长主要源于劳动力市场放松管制。
Abstract This study analyses how changes in factor abundance and openness have affected relative factor prices in Kenya since 1965, using cointegration analysis and error correction models of relative factor prices. We find that factor proportions determined relative factor prices in the long run, while openness, measured by three different proxies, possibly had a short run effect on relative factor returns. The only deviation from this pattern occurred during the latter half of the 1990s when there was rapid wage growth, mainly due to labour market deregulation.