International trade, factor price equalization, and convergence

ORCID: Bartosz Jóźwik: 0000-0002-1418-2031

Strony: 67-80

Wydanie: Lublin 2013

DOI: --

Abstrakt: This paper surveys the main issues discussed in the literature about the impact of international trade on convergence. Many studies indicate that international trade is probably the most venerable tenet of classical and neoclassical economics, having an impact on convergence. In this paper, there are brief overviews of the influence of international trade on factor price equalization, the empirical literature about international trade and growth, and the implications of international trade for growth and convergence or divergence. Of course, the review of the literature included in this paper does not exhaust all the issues.