An Overlapping-Generations Model of International Trade with a Durable Consumption Good
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چکیده
منابع مشابه
Specialization in a Dynamic Trade Model : An Overlapping Generations Case
We explore a small-open economy with overlapping generations to understand what is the determinant of trade pattern in the dynamic trade theory. In the representative agent model (Baxter (1992) ), even if there are two goods and two production factors, opening up to trade leads to perfect specialization. Using the overlapping generations model, we find that the heterogeneity of the economic age...
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ژورنال
عنوان ژورنال: The International Economy
سال: 2000
ISSN: 1884-4367,2186-6074
DOI: 10.5652/internationaleconomy.2000.21