Batista, Catia (contributor); Potin, Jacques (contributor) - 2007
country endowments
in effective factors are very different, there will be no factor price equalization (FPE), with a
higher … rental cost of capital in poor countries. This should lead to flows of capital to the less
developed countries and to higher …, with higher implied wages
in rich countries and higher implied returns to capital in the less developed countries. In ad …