Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo?

Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo?
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两部门模型中的财政政策、专业化和贸易:李嘉图的回归?

DOI:
10.1086/261837
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发表时间:
1992
影响因子:
8.2
通讯作者:
Marianne Baxter
Marianne Baxter
中科院分区:
经济学1区
文献类型:
--
作者:
Marianne Baxter

文献摘要

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本文提出了一个具有内生资本积累和跨期优化的国际贸易两部门新古典模型。与传统的“2×2×2”模型相反,这里有一个李嘉图的含义,即国家根据比较优势进行专业化。因此,该理论预测政府支出政策不太可能影响既定的专业化和贸易模式,但税收政策的变化可能导致世界生产的戏剧性重组。此外,动态 2 × 2 × 2 模型可以解释国际贸易的许多显着特征,而这些特征对于标准 Heckscher-Ohlin-Samuelson 模型来说是有问题的。
This paper develops a two-sector neoclassical model of international trade with endogenous capital accumulation and intertemporal optimization. In contrast to the traditional "2 × 2 × 2" model, there is a Ricardian implication that countries specialize according to comparative advantage. Consequently, the theory predicts that government expenditure policies are unlikely to affect the established pattern of specialization and trade, but that changes in tax policies can result in a dramatic reorganization of world production. Further, the dynamic 2 × 2 × 2 model can explain many of the salient features of international trade that are problematic for the standard Heckscher-Ohlin-Samuelson model.