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Comment on «Capital and Labour Movements in the European Community»

Published online by Cambridge University Press:  17 August 2016

Alan P. Hamlin
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Extract

Simple theory tells us that we cannot generally expect trade in finished goods to equalise the prices of untraded factors. Simple observation tells us that many factor prices do indeed display considerable and persistant international differences. The simple inference is that these factors are substantially non-traded. However, this raises more questions that it answers. Why are factors not traded? What is the impact of regulation on factor mobility? Does the operation of international trading communities affect factor mobility?

Type
Part Three: Foreign Investment and Factor Mobility
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 50 , Issue 3-4 , 1984 , pp. 297 - 299
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1984 

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Footnotes

(*)

Department of Economics, University of Southampton.

References

Feldstein, M. (1983), Domestic Saving and International Capital Movements in the Long Run and the Short Run, European Economic Review, Vol. 21, pp. 129–151.Google Scholar
Feldstein, M. and Horioka, C. (1980), Domestic Saving and International Capital Flows, Economic Journal, Vol. 90, pp. 314–329.Google Scholar
Tovias, A. (1982) Testing Factor Price Equilisation in the EEC, Journal of Common Market Studies, Vol. 20, pp. 375–388.Google Scholar