Capabilities, Wealth, and Trade
نویسندگان
چکیده
منابع مشابه
Capabilities, Wealth and Trade
This paper re-explores the relation between a country’s level of wealth and the mix of products it exports. We argue that both are simultaneously determined by countries’ capabilities i.e. by countries’ productivity and quality levels for each good. Our theoretical setup has two features. (1) Some goods have fewer high-quality producers/countries than others i.e. there is Ricardian comparative ...
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This paper re-explores the relation between a country’s level of wealth and the mix of products it exports. We argue that both are simultaneously determined by countries’ capabilities i.e. by countries’ productivity and quality levels for each good. Our theoretical setup has two features. (1) Some goods have fewer high-quality producers/countries than others i.e. there is Ricardian comparative ...
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This paper re-explores the relation between a country’s level of wealth and the mix of products it exports. It shows how a country’s capabilities i.e., its productivity and quality levels in each good, simultaneously determines both the mix of goods it produces and exports, and its level of gdp per capita. In our multi-product general equilibrium setting, the relation between a country’s qualit...
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We explore the role of the ownership structure of capital in an economy that suffers from barriers to entry and an imperfect financial system. In such an environment, an unequal distribution of capital provides an explanation for trade flows and trade gains even when countries do not differ in relative factor endowments or available technologies. Moreover, an uneven asset distribution is associ...
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Econophysics provides a strategy for understanding the potential mechanisms underlying the anomalous distribution of wealth found in real societies. We present a computational nonlinear stochastic model for the distribution of wealth that depends upon three parameters and two mechanisms: trade and investment. To avoid economic paradoxes, the trade mechanism is assumed to be related to the poore...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2016
ISSN: 0022-3808,1537-534X
DOI: 10.1086/686034