Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Different demographic changes and patterns of trade in a Heckscher–Ohlin setting
Abstract We examine the effects of different aging speeds on international trade patterns in an open overlapping generations model. An expansion in life expectancy of a country does not necessarily make the country a net exporter of capital-intensive goods when fertility is endogenous, depending on the relative magnitudes of the positive Rybczynski effect of changes in the factor endowments and the negative effect from the consumption–savings choice on the relative price in the autarkic steady state. The incidence of gains from trade among generations after opening trade depends on whether the country becomes a net exporter or importer of capital-intensive goods.
Different demographic changes and patterns of trade in a Heckscher–Ohlin setting
Abstract We examine the effects of different aging speeds on international trade patterns in an open overlapping generations model. An expansion in life expectancy of a country does not necessarily make the country a net exporter of capital-intensive goods when fertility is endogenous, depending on the relative magnitudes of the positive Rybczynski effect of changes in the factor endowments and the negative effect from the consumption–savings choice on the relative price in the autarkic steady state. The incidence of gains from trade among generations after opening trade depends on whether the country becomes a net exporter or importer of capital-intensive goods.
Different demographic changes and patterns of trade in a Heckscher–Ohlin setting
Yakita, Akira (Autor:in)
2011
Aufsatz (Zeitschrift)
Englisch
Different demographic changes and patterns of trade in a Heckscher–Ohlin setting
| Online Contents | 2011