International Trade and Investment under Different Rates of Time Preference
نویسندگان
چکیده
منابع مشابه
International Saving, Investment and Trade
Feldstein and Horioka (Econ J 90:314–329, 1980) observed that saving and investment move closely together in the major OECD countries. This finding is a puzzle if national economies are characterized by one sector neoclassical production functions—with diminishing returns to capital, a high level of savings in a country should create an incentive to export capital. In this paper, we show that t...
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ژورنال
عنوان ژورنال: Journal of the Japanese and International Economies
سال: 1994
ISSN: 0889-1583
DOI: 10.1006/jjie.1994.1002