Aging, transitional dynamics, and gains from trade

Takumi Naito, Laixun Zhao

研究成果: Article

10 引用 (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.

元の言語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
発行部数8
DOI
出版物ステータスPublished - 2009 8
外部発表Yes

Fingerprint

Aging of materials
Pareto
Overlapping Generations
Trade
Free trade
Gains from trade
Transitional dynamics
Model
Factors
Small countries
Overlapping generations model
Exporting
World economy
Population aging

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

これを引用

Aging, transitional dynamics, and gains from trade. / Naito, Takumi; Zhao, Laixun.

:: Journal of Economic Dynamics and Control, 巻 33, 番号 8, 08.2009, p. 1531-1542.

研究成果: Article

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