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Time preference and capital mobility in an OLG model with land

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Author Info
Jean-Pierre Vidal (C.R.E.P.P., University of Liège, Belgium, and C.E.M.E., University of Paris I, U.R.A. C.N.R.S. D0924, F-75231 Paris Cedex 05, France)
Philippe Michel (C.O.R.E., I.U.F. and University of Aix-Marseille II, France)
Bertrand Crettez (C.R.E.S.E., University of Franche-Comté and C.E.M.E., University of Paris I, U.R.A. C.N.R.S. D0924, 12 place du Panthéon, F-75231 Paris Cedex 05, France)

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Abstract

This paper examines the pattern of capital mobility in a two-country overlapping generations world in which production uses three inputs: capital, labor and land. The steady-state welfare consequences of opening countries to financial capital or labor mobility are then compared. In particular, it is shown that capital mobility does not equalize standards of living across countries. To achieve this goal, one has to rely on labor mobility.

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Publisher Info
Article provided by Springer in its journal Journal of Population Economics.

Volume (Year): 11 (1998)
Issue (Month): 1 ()
Pages: 149-158
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Handle: RePEc:spr:jopoec:v:11:y:1998:i:1:p:149-158

Note: Received: 8 January 1996 / Accepted: 6 June 1996
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Related research
Keywords: Overlapping generations models · migrations · capital mobility · land;

Find related papers by JEL classification:
D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
F22 - International Economics - - International Factor Movements and International Business - - - International Migration
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation

Cited by:
(explanations, 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.)

  1. de la Croix, David & Monfort, Philippe, 1999. "Education Funding and Regional Convergence," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1999010, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
    Other versions:
  2. Lionel, ARTIGE, 2004. "Endogenous Growth and Regional Dynamics in an OLG Model with Land," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2004028, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
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