Jung, Chulho; Doroodian, Khosrow - In: Journal of Economic Studies 27 (2000) 6, pp. 514-525
Hourly labor costs in the manufacturing sector of seven EC countries, the USA and Canada are used to test the factor price convergence (FPC) by employing Johansen’s multivariate cointegration tests. We also examine if there is a two‐way causality in wages between two groups of countries...