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standard trade theory. Dynamically, the "brain drain" of entrepreneurs into the re- source sector may exacerbate the de … the discov- ery. Second best trade or investment policies that direct entrepreneurs away from the resource sector may be …
Persistent link: https://www.econbiz.de/10010551672
characteristics across countries may create the basis for long-run comparative advantages opening the way for free trade between two … but free trade will not necessarily imply welfare gains for both parties unlike what the static HO model would predict …. The explanation we offer for this nicely complements previously suggested reasons in the dynamic trade literature to …
Persistent link: https://www.econbiz.de/10005537515
, economic structure, domestic and global division of labor, international trade and environmental change with transboundary … two-sector growth model, the Oniki-Uzawa trade model, and the neoclassical growth models in environmental economics. The …
Persistent link: https://www.econbiz.de/10010470656
In this paper we use the insights of the stochastic general equilibrium growth model to help understand the effects of risk on the real, risk adjusted return to capital, capital flows, exchange rate policy, and economic growth in two Pacific Basin economies, Mexico and Indonesia, over the period...
Persistent link: https://www.econbiz.de/10005785035
In this paper we use the insights of the stochastic general equilibrium growth model to help understand the effects of risk on the real, risk adjusted return to capital, capital flows, exchange rate policy, and economic growth in two Pacific Basin economies, Mexico and Indonesia, over the period...
Persistent link: https://www.econbiz.de/10005618526
, economic structure, domestic and global division of labor, international trade and environmental change with transboundary … two-sector growth model, the Oniki-Uzawa trade model, and the neoclassical growth models in environmental economics. The …
Persistent link: https://www.econbiz.de/10011725312
-proportions trade vi) the world trade-to-output ratio increases over time. I argue that standard economic theories ignore the vast …
Persistent link: https://www.econbiz.de/10011742669
, economic structure, domestic and global division of labor, international trade and environmental change with transboundary … two-sector growth model, the Oniki-Uzawa trade model, and the neoclassical growth models in environmental economics. The …
Persistent link: https://www.econbiz.de/10011093756
. The model for this purpose is the two-cone version of the Heckscher-Ohlin (HO) trade model, in which countries have … different factor prices even with free trade and in which they produce mostly different groups of goods. In that model, unlike … rich country. The paper argues that this will then lead to the rich country restricting trade. This in turn will lower the …
Persistent link: https://www.econbiz.de/10005551444
-country trade. Both of these sources develop from the New Economic Geography models, while the engine of the growth process is … to divergence between the two countries. Trade in the manufactured good increases the difference between the two …
Persistent link: https://www.econbiz.de/10011185570