Alho, Kari E. O. (contributor); Kaitila, Ville (contributor) - 2008
of real income, but also in nominal terms, is of paramount importance for the whole of the EU. We build a dynamic CGE … model, starting from the Balassa-Samuelson two-sector framework, but modify and enlarge it with forward-looking investment …, consumption, and labour mobility behaviour to address several other issues like welfare and sustainability in terms of foreign …