Temporal convergence and factor intensities
- In the two-sector neoclassical production model with no factor-market distortions, the value and physical factor-intensity rankings of the two sectors may differ when the economy is out of long-run equilibrium, but such a difference does not imply any failure of convergence to long-run equilibrium.
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- Peer review status:
- Peer reviewed
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- Copyright holder:
- North-Holland Publishing Company
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- N.B. Professor Neary was based at Trinity College, Dublin when this article was first published. The full-text of the article is not currently available in ORA. Citation: Jones, R. W. & Neary, J. P. (1979). 'Temporal convergence and factor intensities', Economics Letters, 3(4), 311-314. [Available at http://www.sciencedirect.com/science/journal/01651765].
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