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Cited by 181

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Late Nineteenth-Century Anglo-American Factor-Price Convergence: Were Heckscher and Ohlin Right?

O'Rourke, Kevin, Williamson, Jeffrey G.·1994·The Journal of Economic History

Abstract

Due primarily to transport improvements, commodity prices in Britain and the United States tended to converge between 1870 and 1913. Heckscher and Ohlin, writing in 1919 and 1924, thought that these events should have contributed to factor-price convergence. It turns out that Heckscher and Ohlin were right: a significant share of the Anglo-American real-wage convergence was due to commodity-price convergence. It appears that this late nineteenth-century episode was the dramatic start of world-commodity and factor-market integration that continues today.

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Metadata

Authors
O'Rourke, K., & Williamson, J. G.
Venue
The Journal of Economic History
Published
1994-12
Volume
54
Issue
4
Pages
892-916
ISSN
  • 0022-0507 (ISSN-L)
  • 1471-6372
OpenAlex
W2151942543
Cited by
181
References
1
FWCI
13.75
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Late Nineteenth-Century Anglo-American Factor-Price Convergence: Were Heckscher and Ohlin Right? https://app.cochat.ai/papers/10.1017/s0022050700015539
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O'Rourke, K., & Williamson, J. G. (1994). Late Nineteenth-Century Anglo-American Factor-Price Convergence: Were Heckscher and Ohlin Right? The Journal of Economic History. https://doi.org/10.1017/s0022050700015539

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