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Summary of the Discussion

  • Bertil Ohlin
  • Per-Ove Hesselborn
  • Per Magnus Wijkman

Abstract

The discussion first concerned the difficulties and pitfalls involved in attempts to measure economic integration by the degree of price equalisation. Factor price equality, suggested as one definition of integration, could be achieved, it was argued, in other ways than through market integration. Attention was also given to the problem of measuring integration when prices are used for other purposes than to clear markets. A second issue concerned the need to consider actual political units and their policy aims when discussing geographic integration. This session was chaired by Jagdish N. Bhagwati.

Keywords

Interest Rate Monetary Policy Economic Integration Factor Price Market Integration 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Nobel Foundation 1977

Authors and Affiliations

  • Bertil Ohlin
  • Per-Ove Hesselborn
  • Per Magnus Wijkman

There are no affiliations available

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