The Long-run Trade Pattern in a Growing Economy

Akihiko Kaneko*

*この研究の対応する著者

研究成果: Article査読

3 被引用数 (Scopus)

抄録

We analyze the determinants of the trade pattern in a two-country growing economy. The long-run trade pattern depends on the structure of the absolute advantage as well as the comparative advantage, because the absolute advantage determines the terms of trade and the value of the marginal product of capital which affect the growth rate in our model. Moreover, we find that opening trade reduces or removes the difference in the growth rates of the two countries when the country lagging in the growth rate has a comparative advantage in a consumption commodity.

本文言語English
ページ(範囲)1-17
ページ数17
ジャーナルJournal of Economics/ Zeitschrift fur Nationalokonomie
79
1
DOI
出版ステータスPublished - 2003 5月 1
外部発表はい

ASJC Scopus subject areas

  • ビジネス、管理および会計(全般)
  • 経済学、計量経済学

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