Adjustment in General Equilibrium: Some Industrial Evidence.

B-Tier
Journal: Review of International Economics
Year: 1997
Volume: 5
Issue: 1
Pages: 20-31

Authors (2)

Rassekh, Farhad (not in RePEc) Thompson, Henry (Auburn University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The link between output changes and factor-mix adjustments in general equilibrium is examined for each of nine industries using pooled data from 12 developed countries over the years 1970-85. Specifications of the Stolper-Samuelson theorem and the specific-factors model of production are built on the assumptions and structure of theory with each industry isolated in turn. In their simplest version with only capital and labor input, these competitive general-equilibrium models explain a good deal of the observed variations in industrial factor mixes. The specific-factors model performs better. Copyright 1997 by Blackwell Publishing Ltd.

Technical Details

RePEc Handle
repec:bla:reviec:v:5:y:1997:i:1:p:20-31
Journal Field
International
Author Count
2
Added to Database
2026-01-29