Trade, Migration, and Inequality in a World without Factor Price Equalization

Journal article


Oslington, Paul and Towers, Isaac. (2010). Trade, Migration, and Inequality in a World without Factor Price Equalization. Review of International Economics. 18(4), pp. 650 - 662. https://doi.org/10.1111/j.1467-9396.2010.00902.x
AuthorsOslington, Paul and Towers, Isaac
Abstract

The behavior of trading economies in the absence of factor price equalization is not well understood, although empirical evidence against factor price equalization is overwhelming. We map regions of diversification and specialization for competitive world economies with different factor endowment partitions. Goods and factor price responses as economies move within and across different regions of specialization are explored using a series of novel diagrams. The usefulness of endogenizing patterns of specialization is illustrated by considering the impact on inequality of migration flows (such as US–Mexico), the substitutability of trade and migration, and the impact of the entry of a large unskilled labor-intensive economy (such as China) on factor prices and factor flows.

Year2010
JournalReview of International Economics
Journal citation18 (4), pp. 650 - 662
ISSN1467-9396
Digital Object Identifier (DOI)https://doi.org/10.1111/j.1467-9396.2010.00902.x
Scopus EID2-s2.0-77955453499
Open accessOpen access
Page range650 - 662
Research GroupPeter Faber Business School
Author's accepted manuscript
Publisher's version
Additional information

This is the peer reviewed version of the following article: Oslington, Paul, & Towers, Isaac. (2010). Trade, Migration, and Inequality in a World without Factor Price Equalization. Review of International Economics., 18(4), 650–662, which has been published in final form at https://doi.org/10.1111/j.1467-9396.2010.00902.x. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions.

Permalink -

https://acuresearchbank.acu.edu.au/item/87860/trade-migration-and-inequality-in-a-world-without-factor-price-equalization

  • 104
    total views
  • 76
    total downloads
  • 0
    views this month
  • 0
    downloads this month
These values are for the period from 19th October 2020, when this repository was created.

Export as

Related outputs

Contextual history, practitioner history, and classic status: Reading Jacob Viner's the customs union issue
Oslington, Paul. (2013). Contextual history, practitioner history, and classic status: Reading Jacob Viner's the customs union issue. Journal of the History of Economic Thought. https://doi.org/10.1017/S1053837213000308
God and the market : Adam Smith's invisible hand
Oslington, Paul. (2012). God and the market : Adam Smith's invisible hand. Journal of Business Ethics. 108, pp. 429 - 438.
Introduction by this Special Issue's editors
Coleman, William and Oslington, Paul. (2012). Introduction by this Special Issue's editors. Economic Record. 88(Supplement s1), p. 1. https://doi.org/10.1111/j.1475-4932.2012.00811.x
The development of Catholic social teaching on economics : Bernard Lonergan and Benedict XVI
Ormerod, Neil, Oslington, Paul and Koning, Robin. (2012). The development of Catholic social teaching on economics : Bernard Lonergan and Benedict XVI. Theological Studies. 73(2), pp. 391 - 421.
Jacob Viner on Adam Smith: Development and reception of a theological reading
Oslington, Paul. (2012). Jacob Viner on Adam Smith: Development and reception of a theological reading. European Journal of the History of Economic Thought. 19(2), pp. 287 - 301. https://doi.org/10.1080/09672567.2010.499471
Introduction : Theological Readings of Adam Smith
Oslington, Paul. (2011). Introduction : Theological Readings of Adam Smith. In In P Oslington (Ed.). Adam Smith As Theologian Routledge.
The Engagement of Caritas in Veritate with Economics
Oslington, Paul. (2011). The Engagement of Caritas in Veritate with Economics. In In N Ormerod and P Oslington (Ed.). Globalisation and the Church: Reflections on Caritas in Veritate pp. 125 - 134 St Pauls Publications.
Divine Action, Providence and Adam Smith's Invisible Hand
Oslington, Paul. (2011). Divine Action, Providence and Adam Smith's Invisible Hand. In In P Oslington (Ed.). Adam Smith As Theologian pp. 61 - 74 Routledge.
The future hope in Adam Smith's system
Oslington, Paul. (2011). The future hope in Adam Smith's system. Studies in Christian Ethics. 24(3), pp. 329 - 349. https://doi.org/10.1177/0953946811405914
God and the market: Adam Smith's invisible hand
Oslington, Paul. (2011). God and the market: Adam Smith's invisible hand. Journal of Business Ethics. 108(4), pp. 429 - 438. https://doi.org/10.1007/s10551-011-1099-z
Popes and markets
Oslington, Paul. (2011). Popes and markets. Policy: a journal of public policy and ideas. 26(4), pp. 31 - 35.
Lonergan's Reception among Economists :Tale of a Dead Fish and an Agenda for Future Work
Oslington, Paul. (2011). Lonergan's Reception among Economists :Tale of a Dead Fish and an Agenda for Future Work. Method: Journal of Lonergan Studies. 2(1), pp. 67 - 78.
Micro vs macro explanations of post-war us unemployment movements
Heaton, Chris and Oslington, Paul. (2010). Micro vs macro explanations of post-war us unemployment movements. Economics Letters. 106(2), pp. 87 - 91. https://doi.org/10.1016/j.econlet.2009.10.009
Pushing economies (and students) outside the factor price equalization zone
Oslington, Paul and Towers, Isaac. (2009). Pushing economies (and students) outside the factor price equalization zone. The Journal of Economic Education. 40(4), pp. 422 - 436. https://doi.org/10.1080/00220480903238099
Recovering the theological roots of economics
Oslington, Paul. (2009). Recovering the theological roots of economics. Debate.
Deus economicus
Oslington, Paul. (2009). Deus economicus. Australian Ejournal of Theology.
A Christian perspective on the Financial Crisis
Oslington, Paul. (2009). A Christian perspective on the Financial Crisis. The American Economist. 53(1), pp. 28 - 30.
Public theology: Some measures and Australian reflections
Oslington, Paul. (2008). Public theology: Some measures and Australian reflections. Colloquium. 40(2), pp. 183 - 193.
Christianity's post-enlightenment contribution to economic thought
Oslington, Paul. (2008). Christianity's post-enlightenment contribution to economic thought. In In I. R. Harper and S.Gregg (Ed.). Christian Morality and Market Economies: Theological and Philosophical Perspectives pp. 60 - 76 Edward Elgar Publishing Limited.
Dismissal costs and their impact on employment: Evidence from Australian small and medium enterprises
Freyens, Benoit and Oslington, Paul. (2007). Dismissal costs and their impact on employment: Evidence from Australian small and medium enterprises. The Economic Record. 83(260), pp. 1 - 15. https://doi.org/10.1111/j.1475-4932.2007.00372.x
Dismissal Costs and their Impact on Employment: Evidence from Australian Small and Medium Enterprises
Freyens, Benoit and Oslington, Paul. (2007). Dismissal Costs and their Impact on Employment: Evidence from Australian Small and Medium Enterprises. The Economic Record. 83(260), pp. 1 - 15. https://doi.org/10.1111/j.1475-4932.2007.00372.x
The theory of international trade and unemployment
Oslington, Paul. (2006). The theory of international trade and unemployment Edward Elgar Publishing Limited.
Incentives in on-line education
Oslington, Paul. (2005). Incentives in on-line education. Journal of Higher Education Policy and Management. 27(1), pp. 97 - 104. https://doi.org/10.1080/13600800500046297
Natural theology as an integrative framework for theology and economics
Oslington, Paul. (2005). Natural theology as an integrative framework for theology and economics. St Mark's Review: a journal of Christian thought and opinion.
The Likely Employment Impact of Removing Unfair Dismissal Protection
Freyens, Benoit and Oslington, Paul. (2005). The Likely Employment Impact of Removing Unfair Dismissal Protection. Journal of Australian Political Economy.
Rediscovering purpose in the economy
Oslington, Paul. (2005). Rediscovering purpose in the economy. Crux (Vancouver): a quarterly journal of Christian thought and opinion. 41(3), pp. 37 - 44.
The likely employment impact of removing unfair dismissal protection
Freyens, Benoit and Oslington, Paul. (2005). The likely employment impact of removing unfair dismissal protection. Journal of Australian Political Economy.
Natural Theology as an Integrative Framework for Theology and Economics
Oslington, Paul. (2005). Natural Theology as an Integrative Framework for Theology and Economics. St Mark's Review: a journal of Christian thought and opinion.
Unemployment and trade liberalisation
Oslington, Paul. (2005). Unemployment and trade liberalisation. The World Economy. 28(8), pp. 1139 - 1155. https://doi.org/10.1111/j.1467-9701.2005.00723.x
Ethics education and research at the Australian defence force academy
Oslington, Paul. (2005). Ethics education and research at the Australian defence force academy. Australian Defence Force Journal: journal of the Australian profession of arms. 167, pp. 82 - 83.
Contracting-out of assistance to the unemployed: Implications of the Australian experiment
Oslington, Paul. (2005). Contracting-out of assistance to the unemployed: Implications of the Australian experiment. The Economic Record. 81(252), pp. 30 - 37. https://doi.org/10.1111/j.1475-4932.2005.00214.x
Incentives in On-Line Education
Oslington, Paul. (2005). Incentives in On-Line Education. Journal of Higher Education Policy and Management. 27(1), pp. 97 - 104. https://doi.org/10.1080/13600800500046297
Contracting-Out of Assistance to the Unemployed: Implications of the Australian Experiment
Oslington, Paul. (2005). Contracting-Out of Assistance to the Unemployed: Implications of the Australian Experiment. The Economic Record. 81(252), pp. 30 - 37. https://doi.org/10.1111/j.1475-4932.2005.00214.x
Rediscovering Purpose in the Economy
Oslington, Paul. (2005). Rediscovering Purpose in the Economy. Crux (Vancouver): a quarterly journal of Christian thought and opinion. 41(3), pp. 37 - 44.
Ethics Education and Research at the Australian Defence Force Academy
Oslington, Paul. (2005). Ethics Education and Research at the Australian Defence Force Academy. Australian Defence Force Journal: journal of the Australian profession of arms. 167, pp. 82 - 83.
Unemployment and Trade Liberalisation
Oslington, Paul. (2005). Unemployment and Trade Liberalisation. The World Economy. 28(8), pp. 1139 - 1155. https://doi.org/10.1111/j.1467-9701.2005.00723.x
The Impact of Uncertainty and Irreversibility on Investments in On-Line Learning
Oslington, Paul. (2004). The Impact of Uncertainty and Irreversibility on Investments in On-Line Learning. Distance Education. 25(2), pp. 233 - 242.
The impact of uncertainty and irreversibility on investments in on-line learning
Oslington, Paul. (2004). The impact of uncertainty and irreversibility on investments in on-line learning. Distance Education. 25(2), pp. 233 - 242.
Economics and religion: Introduction
Oslington, Paul. (2003). Economics and religion: Introduction. In In P. Oslington (Ed.). Economics and Religion pp. 1 - 15 Edward Elgar Publishing Limited.
Why ethics committees are unethical
Oslington, Paul. (2003). Why ethics committees are unethical. Agenda: A journal of Policy Analysis and Reform. 10(1), pp. 185 - 191.
Why Ethics Committees are Unethical
Oslington, Paul. (2003). Why Ethics Committees are Unethical. Agenda: A journal of Policy Analysis and Reform. 10(1), pp. 185 - 191.