This paper formulates a two-country by two-factor by two-good dynamic Chamberlin-Heckscher-Ohlin model of international trade with endogenous time preferences. After proving the existence, uniqueness and local saddle-point stability of the steady state, we examine the relationship between...

Using the Heckscher–Ohlin–Samuelson–Vanek (HOSV) framework, this paper illustrates a relationship between corruption and the pattern of international trade that depends on the factor endowments of countries. The relationship between trade openness and corruption is empirically investigated...

When trade reform contracts protected formal sectors in developing countries and the formal workers move to the informal sector for employment, does that reduce informal wages? Using a 2 × 2 Heckscher-Ohlin-Samuelson (HOS) structure with formal-informal production organization for the same...