Factor price equalization theorem - How is Factor price equalization theorem abbreviated?
FPET (redirected from Factor price equalization theorem)
Also found in: Financial
|FPET||Fire Protection Engineering Technology (course; various schools)|
|FPET||Forum on Philosophy, Engineering and Technology (international conference)|
|FPET||Factor Price Equalization Theorem (economics)|
|FPET||Further Professional Education or Training (Australia)|
|FPET||Friends and Partners with East Timor Incorporated (Australia)|
References in periodicals archive
The explanation is the following: in the initial situation the factor price equalization theorem
holds, and, as previously proved, capital grows everywhere at the same pace.
Regarding the factor price equalization theorem
, John Hicks considered two sets of equations for two countries, namely, ar + bw = ar'+ bw', and cr + dw = cr' +dw'.
International trade is introduced and general equilibrium yields the factor price equalization theorem
. So far so good.