A Keynesian Model of a Small Open Economy under a Flexible Exchange Rate
نویسندگان
چکیده
منابع مشابه
Capital Accumulation and Convergence in a Small Open Economy
Outward-oriented economies seem to grow faster than inward-looking ones. Does the literature on convergence have anything to say on this? In the dynamic Heckscher-Ohlin-Samuelson model, with factor-price equalization, there is no convergence of incomes. This is because with identical preferences and return to capital, irrespective of initial levels the growth rates of consumption are the same....
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2012
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2012.23051