Late Nineteenth-Century Anglo-American Factor-Price Convergence: Were Heckscher and Ohlin Right?
研究了1870-1913年间英美商品价格趋同如何推动实际工资趋同，验证了赫克歇尔和俄林的理论，对理解全球化历史有参考价值。
Due primarily to transport improvements, commodity prices in Britain and the United States tended to converge between 1870 and 1913. Heckscher and Ohlin, writing in 1919 and 1924, thought that these events should have contributed to factor-price convergence. It turns out that Heckscher and Ohlin were right: a significant share of the Anglo-American real-wage convergence was due to commodity-price convergence. It appears that this late nineteenth-century episode was the dramatic start of world-commodity and factor-market integration that continues today.