An Uzawa-Oniki-Uzawa Dynamic Two-Country Model of International Trade: Back to Heckscher and Ohlin
An Uzawa-Oniki-Uzawa Dynamic Two-Country Model of International Trade: Back to Heckscher and Ohlin
复制标题
国际贸易的 Uzawa-Oniki-Uzawa 动态两国模型:回到 Heckscher 和 Ohlin
DOI:
10.1007/s00199-005-0005-2
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发表时间:
2004
期刊:
影响因子:
1.3
通讯作者:
Koji Shimomura
中科院分区:
文献类型:
--
作者:
Been;K. Nishimura;Koji Shimomura
We present a dynamic two-country model of international trade with endogenous time preference. We show that if the two countries have similar preferences, production technologies, and labor endowments, there exists a unique and stable steady state such that both consumption and investment goods are produced in both countries. Unlike the case of constant time preferences, the steady state is independent of the initial international distribution of capital. We prove a dynamic Heckscher-Ohlin theorem such that the labor-abundant country exports the labor-intensive good. • The paper is still very preliminary and incomplete. Please do not quote without the authors’ permission.