Dynamic Factor Price Equalization & International Income Convergence

Dynamic Factor Price Equalization & International Income Convergence
The paper develops a tractable way to incorporate the micro structure of dual models of international trade into a standard class of dynamic open-economy macro models. In the process, it develops the concept of a dynamic factor price equalization set and an integrated intertemporal equilibrium. A number of results are obtained concerning trade,... READ MORE...

Publication date: December 2008
ISBN 9781451871258
$18.00

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