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《International Trade and Factor Mobility》.pdf
American Economic Association
International Trade and Factor Mobility
Author(s): Robert A. Mundell
Source: The American Economic Review, Vol. 47, No. 3 (Jun., 1957), pp. 321-335
Published by: American Economic Association
Stable URL: /stable/1811242 .
Accessed: 11/09/2013 08:08
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INTERNATIONAL TRADE AND FACTOR MOBILITY
MUNDELL*
ROBERT A.
By
for
Commodity movements are at least to some extent a substitute
com-
implies
factor movements. The absence of trade impediments
a tend-
modity-price equalization and, even when factors are immobile,
perfect
ency toward factor-price equalization. It is equally true that
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