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?
复制标题
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
中科院分区:
文献类型:
--
作者:
Marianne Baxter
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.