On the stability of equilibrium for a reformulated foreign trade model of three countries
On the stability of equilibrium for a reformulated foreign trade model of three countries
复制标题
三个国家重新制定的对外贸易模型的均衡稳定性
DOI:
10.1007/s40092-014-0071-9
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发表时间:
2014
影响因子:
--
通讯作者:
Dassios I
中科院分区:
文献类型:
--
作者:
Dassios I
In this paper, we study the stability of equilibrium for a foreign trade model consisting of three countries. As the gravity equation has been proven an excellent tool of analysis and adequately stable over time and space all over the world, we further enhance the problem to three masses. We use the basic Structure of Heckscher–Ohlin–Samuelson model. The national income equals consumption outlays plus investment plus exports minus imports. The proposed reformulation of the problem focus on two basic concepts: (1) the delay inherited in our economic variables and (2) the interaction effect along the three economies involved. Stability and stabilizability conditions are investigated while numerical examples provide further insight and better understanding. Finally, a generalization of the gravity equation is somehow obtained for the model.
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DOI:
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1990
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2001
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发表时间:
2008
期刊:
IGTR
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