Aging, transitional dynamics, and gains from trade

Takumi Naito*, Laixun Zhao

*この研究の対応する著者

研究成果: Article査読

16 被引用数 (Scopus)

抄録

We formulate a two-country, two-good, two-factor, two-period-lived overlapping generations model to examine how population aging determines the pattern of and gains from trade. Two main results are obtained. First, the aging country endogenously becomes a small country exporting the capital-intensive good, whereas the younger country endogenously dominates the world economy determining the world prices, in the free trade steady state. Second, although uncompensated free trade cannot be Pareto superior to autarky, there exists a compensation scheme applied within each country such that free trade is Pareto superior to autarky.

本文言語English
ページ(範囲)1531-1542
ページ数12
ジャーナルJournal of Economic Dynamics and Control
33
8
DOI
出版ステータスPublished - 2009 8月
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 制御と最適化
  • 応用数学

フィンガープリント

「Aging, transitional dynamics, and gains from trade」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル