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Conditions for Factor Price Equalization in the Integrated World Economy Model

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  • Ling Qi

Abstract

The lens condition proposed by Deardorff in 1994 has been argued not to be sufficient for factor price equalization in general. This paper shows that the lens condition is necessary and sufficient both in the two‐factor case and in the three‐good case. The results imply that two is the largest number of factors for the lens condition to guarantee factor price equalization when the number of goods and that of countries are arbitrary. A sufficient condition for factor price equalization is also given in the case where the number of goods, that of countries, and that of factors are all arbitrary.

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  • Ling Qi, 2003. "Conditions for Factor Price Equalization in the Integrated World Economy Model," Review of International Economics, Wiley Blackwell, vol. 11(5), pages 899-908, November.
    • Handle: RePEc:bla:reviec:v:11:y:2003:i:5:p:899-908
    DOI: 10.1046/j.1467-9396.2003.00425.x
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    Cited by:

    1. Artal, Andrés & Castillo, Juana & Requena,Francisco, 2007. "La distribución factorial en las regiones y la igualación del precio de los factores: Aplicación de la “condición de lentes” en España/Regional Factor Distribution and Factor Price Equalisation: an Ap," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 25, pages 727-742, Diciembre.
    2. Brakman, Steven & van Marrewijk, Charles, 2013. "Lumpy countries, urbanization, and trade," Journal of International Economics, Elsevier, vol. 89(1), pages 252-261.
    3. Kazuyuki Nakamura, 2015. "Computational investigation of the feasibility of factor price equalization," Letters in Spatial and Resource Sciences, Springer, vol. 8(2), pages 101-108, July.
    4. Andrew B. Bernard & Raymond Robertson & Peter K. Schott, 2010. "Is Mexico a Lumpy Country?," Review of International Economics, Wiley Blackwell, vol. 18(5), pages 937-950, November.
    5. Siu‐kee Wong & Kwan Koo Yun, 2003. "The Lens Condition with Two Factors," Review of International Economics, Wiley Blackwell, vol. 11(4), pages 692-696, September.
    6. Andrew B. Bernard & Raymond Robertson & Peter K. Schott, 2005. "A Note on the Empirical Implementation of the Lens Condition," NBER Working Papers 11448, National Bureau of Economic Research, Inc.

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