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Cited by 204

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Factor Price Convergence in the Late Nineteenth Century

O'Rourke, Kevin H., Taylor, Alan M., Williamson, Jeffrey G.·1996·International Economic Review

Abstract

The authors examine a dramatic historical episode of factor price convergence in the late nineteenth century. Their focus is convergence between Old World and New, and the analysis centers on land and labor. Wage-rental ratios boomed in the Old World and collapsed in the New, moving the resource-rich, labor-scarce New World closer to the resource-scarce, labor-abundant Old World. The authors use econometrics and simulations to identify proconvergence forces, which include commodity price convergence, factor accumulation, and factor-saving biases. The results confirm that open-economy characteristics and international market integration are important sources of convergence. Copyright 1996 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Metadata

Authors
O'Rourke, K. H., Taylor, A. M., & Williamson, J. G.
Venue
International Economic Review
Publisher
JSTOR
Published
1996-08
Volume
37
Issue
3
Pages
499
ISSN
0020-6598 (ISSN-L)
OpenAlex
W2068193394
Cited by
204
References
1
FWCI
18.85
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Factor Price Convergence in the Late Nineteenth Century. https://app.cochat.ai/papers/10.2307/2527439
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O'Rourke, K. H., Taylor, A. M., & Williamson, J. G. (1996). Factor Price Convergence in the Late Nineteenth Century. International Economic Review. https://doi.org/10.2307/2527439

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