1989
DOI: 10.1080/10168738900000025
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Factor Price Changes and Imported Intermediate Goods

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“…Below, we shall follow a much simpler approach to model the transition to the long run which has been suggested by Burgess (1980) and Murphy (1989). According to these authors, the long-run factor price changes are a weighted average of the short-run factor price changes.…”
Section: Long-run Comparative Staticsmentioning
confidence: 99%
“…Below, we shall follow a much simpler approach to model the transition to the long run which has been suggested by Burgess (1980) and Murphy (1989). According to these authors, the long-run factor price changes are a weighted average of the short-run factor price changes.…”
Section: Long-run Comparative Staticsmentioning
confidence: 99%