IDEAS home Printed from https://ideas.repec.org/a/cje/issued/v23y1990i2p446-53.html
   My bibliography  Save this article

Industrial Shut-downs and Medium-Run Factor Intensity Reversals

Author

Listed:
  • Henry Thompson

Abstract

While short-run factor intensity reversals lead to industrial shut-downs when there are two productive factors, this paper shows that an industry can undo an intensity reversal over the medium run and avoid shutting down when there are three or more factors. Medium-run adjustment begins with a capital fixed input and extends until it has become perfectly mobile. J. Peter Neary (1978) develops a picture of adjustment with two industries and two inputs where an industry must shut down following an intensity reversal. The present study adds a third input--skilled labor or natural resources--to capital and labor.

Suggested Citation

  • Henry Thompson, 1990. "Industrial Shut-downs and Medium-Run Factor Intensity Reversals," Canadian Journal of Economics, Canadian Economics Association, vol. 23(2), pages 446-453, May.
    • Handle: RePEc:cje:issued:v:23:y:1990:i:2:p:446-53
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0008-4085%28199005%2923%3A2%3C446%3AISAMFI%3E2.0.CO%3B2-2
    Download Restriction: only available to JSTOR subscribers
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cje:issued:v:23:y:1990:i:2:p:446-53. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Werner Antweiler (email available below). General contact details of provider: https://edirc.repec.org/data/ceaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.