This paper develops a two country endogenous growth model with accumulation of both physical and human capital. We … establish the existence of two country balanced growth equilibria in which physical and human capital grow at the same rate in … each country but physical/human capital ratios differ across countries. These balanced growth equilibria satisfy a static …

, there is positive trade in any steady state or cycle. With overlapping generations, in contrast, we construct examples with … steady state or cycle with factor price equalization has no trade after a finite number of periods. …

-factor Heckscher-Ohlin trade model and a two-sector growth model - with infinitely lived consumers where international borrowing and …

This paper analyses the impact of public infrastructure on the competitiveness and growth of the Senegalese economy … increase in public infrastructure will improve the commercial performance, as well as the growth of the Senegalese economy …

) terms of trade always works in favor of a transfer paradox. The conditions under which the transfer paradox is obtained are …, conditions under which a change in the intertemporal terms of trade delivers a Pareto-improving transfer depend upon both of the …

A neoclassical growth model is used to provide an explanation for a "poverty trap," or "club convergence," in terms of … specialization and international trade. The model has a large number of countries with access to identical constant …

-Krugman-Heckscher-Ohlin model. This allows to combine tools from development accounting and the trade literature. When simultaneously fitting data … on income, factor prices and the factor content of trade, I find that rich countries have far higher productivities of …-Ohlin trade is important. …

We utilize a multi-sector general equilibrium model based on intertemporally optimizing agents to study issues of trade … be detrimental; and that in the absence of coordinated fiscal reform, the welfare gains expected from trade …