EH.Net Abstracts in Economic History

                EHS Abstract Submission
			(c) 1996 EH.Net
-----------------------------------------------------------
             Name:  Alan M. Taylor
            Email:  amtaylor at ucdavis.edu
      Institution:  University of California at Davis  

        Co-author:  None
 
            Title:  CONVERGENCE AND INTERNATIONAL
                      FACTOR FLOWS IN THEORY AND HISTORY  

 Internet Address:  http://www.econ.ucdavis.edu/~amtaylor/papers/

          By mail:  
                    Department of Economics
                    University of California at Davis
                    One Shield Avenue
                    Davis, CA 95616-8578
                   
         Language:  English
 
         Abstract:
Standard neoclassical growth models rarely admit international
factor mobility: convergence may result from factor accumulation
in a closed economy, or from technology transfer. Conventional
models are thus poorly equipped to explain the contribution of
international factor flows to convergence in history. A general
model with many goods and multiple mobile and fixed factors is
developed. In response to recent historical research, a
four-factor case is studied, with labor, capital, and resources
as potentially mobile factors, and land fixed. The model is then
explored in the context of recent historical analyses of the
sources of long-run convergence and divergence.

 
Bibliography:  Taylor, Alan M. "Convergence And International Factor 
Flows In Theory And History."  MS (January 1996) in the possession of 
the author. NBER Working Paper Series no. 5798
 
          Subject:  D
Geographical Area:  0
   Country/Region:  Comparative
      Time Period:  0