Pethig, Rüdiger; Kolleß, Frieder - 2009
, since
ii
yy
τ
<
o ioi
kk
τ
< , country i's value
of exports rises or the cost of its imports declines. However that …,
, is higher than , the per unit revenue from increased capital exports or from re-
duced capital imports.
oi
rt r
τ
++null … is exported, and the value of these exports is equal to the area
i
kDEk
io
in the left panel of Figure 1. In Case 6 …