Heckscher–Ohlin revisited: implications of differential population dynamics for trade within an overlapping generations framework
نویسندگان
چکیده
منابع مشابه
Trade and Resource Policy with Overlapping Generations∗
Trade changes incentives to protect an open-access natural resource. In an OLG setting, the capital asset market transfers policy-induced future gains and losses to the current asset owner. The asset market creates incentives for agents currently alive to protect the natural resource under autarchy. Trade reverses these incentives. In a dynamic political economy, resource policies in both the o...
متن کاملTrade and Resource Sustainability with Overlapping Generations∗
Trade changes incentives to protect an open-access natural resource. In an OLG setting, the capital asset market transfers policy-induced future gains and losses to the current asset owner. The asset market creates incentives for agents currently alive to protect the natural resource under autarchy. Trade reverses these incentives. In a dynamic political economy, agents without bequest motives ...
متن کاملSpecialization in a Dynamic Trade Model : An Overlapping Generations Case
We explore a small-open economy with overlapping generations to understand what is the determinant of trade pattern in the dynamic trade theory. In the representative agent model (Baxter (1992) ), even if there are two goods and two production factors, opening up to trade leads to perfect specialization. Using the overlapping generations model, we find that the heterogeneity of the economic age...
متن کاملThe dynamics of capital accumulation in an overlapping generations model
This paper studies capital accumulation in a slightly altered, explicit OLG model. The fundamental difference with the standard model lies in the initial conditions. If a portion of the initial allocation of the capital stock is not assigned to retirees, the framework allowing for a genuine accumulation of capital is provided. Dynamic aspects of the resulting model are analyzed, including dynam...
متن کاملThe Survey of Conditions for Establishment of the Double Dividend Hypothesis: An Overlapping Generations Approach.
This paper, we analyze the double-dividend issues by the design of overlapping generations approach. We characterize the necessary conditions for the obtaining a double dividend, i.e. an improvement of environmental and non-environmental welfare when the revenue of the pollution taxis recycled into a change of the labor tax rate. We show that first advantage of the double dividend theory depend...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2005
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2004.08.008