Long-Run Equilibria in a Dynamic Heckscher-Ohlin Model
Long-Run Equilibria in a Dynamic Heckscher-Ohlin Model
复制标题
动态 Heckscher-Ohlin 模型中的长期均衡
DOI：
10.2307/135772
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发表时间：
1992
期刊：
影响因子：
--
通讯作者：
Zhiqi Chen
中科院分区：
文献类型：
--
作者：
Zhiqi Chen
本文的目的是利用一个新的具有内生储蓄和内生劳动力供给的动态Heckscher-Ohlin模型来研究开放经济体的长期均衡。该模型的长期均衡具有经济滞后性。该模型为具有相同偏好的国家之间的长期贸易提供了Heckscher-Ohlin类型的解释；即，初始阶段要素禀赋比率的差异导致贸易长期持续。研究表明，偏好差异以外的其他因素也会导致不同国家储蓄率的差异。
The goal of this paper is to study long-run equilibria in open economies using a new dynamic Heckscher-Ohlin model with endogenous savings and endogenous labor supply. The long-run equilibria in this model exhibit the property of economic hysteresis. The model offers a Heckscher-Ohlin type explanation for the long-run trade between countries with identical preferences; that is, a difference in factor endowment ratios in the initial period causes trade to continue in the long run. It is shown that factors other than differences in preferences can lead to a difference in savings rates among countries.