The dynamic Heckscher–Ohlin model: A diagrammatic analysis
AbstractIn this paper, we show that the main results of dynamic Heckscher-Ohlin models (with non-homothetic preferences) can be derived from diagrams which represent the basic functions in static models such as the Rybczynski line, income expansion paths, and excess demand functions at steady states. Results include not only the existence and the multiplicity of steady states in autarky and under free trade, but also their stabilities and the static and dynamic Heckscher-Ohlin theorems.
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Bibliographic InfoArticle provided by The International Society for Economic Theory in its journal International Journal of Economic Theory.
Volume (Year): 8 (2012)
Issue (Month): 2 (06)
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Other versions of this item:
- Eric BOND & IWASA Kazumichi & NISHIMURA Kazuo, 2012. "The Dynamic Heckscher-Ohlin Model: A diagrammatic analysis," Discussion papers 12008, Research Institute of Economy, Trade and Industry (RIETI).
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Eric Bond & Kazumichi Iwasa & Kazuo Nishimura, 2011.
"A dynamic two country Heckscher–Ohlin model with non-homothetic preferences,"
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766, Kyoto University, Institute of Economic Research.
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