Optimal Growth and Competitive Equilibrium Business Cycles under Decreasing Returns in Two-Country Models
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چکیده
منابع مشابه
Optimal Growth and Competitive Equilibrium Business Cycles under Decreasing Returns in Two-country Models
This paper investigates the interlinkage in the business cycles of large-country economies in a free-trade equilibrium. We consider a two-country, two-good, two-factor general equilibrium model with Cobb-Douglas technologies and linear preferences. We also assume decreasing returns in both sectors. We first identify the determinants of each country’s accumulation pattern in autarky equilibrium,...
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ژورنال
عنوان ژورنال: Review of International Economics
سال: 2009
ISSN: 0965-7576,1467-9396
DOI: 10.1111/j.1467-9396.2009.00830.x