The Dynamic Heckscher-Ohlin Model: A diagrammatic analysis
In 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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- Eric W. Bond & Kazumichi Iwasa & Kazuo Nishimura, 2009.
"A Dynamic Two Country Heckscher-Ohlin Model with Non-Homothetic Preferences,"
KIER Working Papers
686, Kyoto University, Institute of Economic Research.
- Eric Bond & Kazumichi Iwasa & Kazuo Nishimura, 2011. "A dynamic two country Heckscher–Ohlin model with non-homothetic preferences," Economic Theory, Springer, vol. 48(1), pages 171-204, September.
- Nishimura, Kazuo & Shimomura, Koji, 2002.
"Trade and Indeterminacy in a Dynamic General Equilibrium Model,"
Journal of Economic Theory,
Elsevier, vol. 105(1), pages 244-260, July.
- Koji Shimomura & Kazuo Nishimura, 2001. "Trade and Indeterminacy in a Dynamic General Equilibrium Model," Discussion Paper Series 117, Research Institute for Economics & Business Administration, Kobe University.
- Kazuo Nishimura & Alain Venditti & Makoto Yano, 2010. "Expectation-driven fluctuations and welfare loss under free trade in two-country models," International Journal of Economic Theory, The International Society for Economic Theory, vol. 6(1), pages 97-125.
- Bond, Eric W. & Iwasa, Kazumichi & Nishimura, Kazuo, 2013.
"Poverty Traps And Inferior Goods In A Dynamic Heckscher–Ohlin Model,"
Cambridge University Press, vol. 17(06), pages 1227-1251, September.
- Eric W. Bond & Kazumichi Iwasa & Kazuo Nishimura, 2011. "Poverty Trap and Inferior Goods in a Dynamic Heckscher-Ohlin Model," KIER Working Papers 766, Kyoto University, Institute of Economic Research.
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- Benhabib, Jess & Nishimura, Kazuo, 1979. "On the Uniqueness of Steady States in an Economy with Heterogeneous Capital Goods," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(1), pages 59-82, February.
- Been-Lon Chen & Kazuo Nishimura & Koji Shimomura, 2008. "Time preference and two-country trade," International Journal of Economic Theory, The International Society for Economic Theory, vol. 4(1), pages 29-52.
- Jaume Ventura, 1997. "Growth and Interdependence," The Quarterly Journal of Economics, Oxford University Press, vol. 112(1), pages 57-84.
- Kazuo Nishimura & Koji Shimomura, 2006. "Indeterminacy in a dynamic two-country model," Economic Theory, Springer, vol. 29(2), pages 307-324, October.
- Zhiqi Chen, 1992. "Long-Run Equilibria in a Dynamic Heckscher-Ohlin Model," Canadian Journal of Economics, Canadian Economics Association, vol. 25(4), pages 923-43, November.
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