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Factor prices, non-neutral technical change and regional variations in unemployment rates
Abstract This paper provides empirical results which indicate that in the Canadian case regional output and employment sensitivity are not closely associated. The result suggests that causes other than demand variability between regions may explain employment sensitivity differences. A comprehensive theoretical construct based upon regional factor intensity differences in production was developed as an alternative explanation of employment sensitivities to those based simply on regional differences in demand elasticities, efficiencies of technology parameters, or the failure of some regions to efficiently allocate factors of production in accordance with their price ratios.
Factor prices, non-neutral technical change and regional variations in unemployment rates
Abstract This paper provides empirical results which indicate that in the Canadian case regional output and employment sensitivity are not closely associated. The result suggests that causes other than demand variability between regions may explain employment sensitivity differences. A comprehensive theoretical construct based upon regional factor intensity differences in production was developed as an alternative explanation of employment sensitivities to those based simply on regional differences in demand elasticities, efficiencies of technology parameters, or the failure of some regions to efficiently allocate factors of production in accordance with their price ratios.
Factor prices, non-neutral technical change and regional variations in unemployment rates
Drugge, Sten E. (author)
1988
Article (Journal)
English
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