A General-Equilibrium Intertemporal Model of an Open Economy
AbstractThis paper develops a very general (general-equilibrium) intertemporal model of a country engaged.in international trade which can be used to address a wide variety of issues of interest in particular, econometric application--under the assumption that prices of tradable commodities (consumer goods and capital goods) and the interest rate are exogenous to the country. It allows for an arbitrarily large number of commodities which are distinguished into seven categories and for finite or infinite periods of time. This model can be used to draw various policy conclusions. We investigate how current net imports, the balance of payments on current account, current consumption expenditure, next-period bondholdings, current wealth, and current internal prices will react to exogenous changes in current external prices, the current interest rate, current taxes, current factor endowments, and current-period bondholdings. This paper also considers the integrability of net-import demand functions.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 2 (1992)
Issue (Month): 2 (April)
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00199/index.htm
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Pierre Mohnen & Thijs Ten Raa, 1997.
"The Location of Comparative Advantages on the Basis of Fundamentals Only,"
CIRANO Working Papers
- Thijs Ten Raa & Pierre Mohnen, 2001. "The Location of Comparative Advantages on the Basis of Fundamentals Only," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 93-108.
- Raa, T. ten & Mohnen, P., 1996. "The location of comparative advantages on the basis of fundamentals only," Discussion Paper 1996-81, Tilburg University, Center for Economic Research.
- Moledina, Amyaz A. & Roe, Terry L., 2000. "Exploring The Transmission Of International And Domestic Economic Shocks To U.S. Agriculture," 2000 Annual meeting, July 30-August 2, Tampa, FL 21751, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.