LEADER 04660oam 22013214 450 001 9910970184303321 005 20250426110852.0 010 $a9786612842184 010 $a9781462373949 010 $a1462373941 010 $a9781452792460 010 $a1452792461 010 $a9781451871258 010 $a1451871252 010 $a9781282842182 010 $a1282842188 035 $a(CKB)3170000000055163 035 $a(EBL)1608104 035 $a(SSID)ssj0001475165 035 $a(PQKBManifestationID)11810512 035 $a(PQKBTitleCode)TC0001475165 035 $a(PQKBWorkID)11473269 035 $a(PQKB)10027344 035 $a(MiAaPQ)EBC1608104 035 $a(Au-PeEL)EBL1608104 035 $a(CaONFJC)MIL284218 035 $a(OCoLC)763090038 035 $a(MiAaPQ)EBC3013244 035 $a(IMF)WPIEE2008267 035 $a(IMF)WPIEA2008267 035 $aWPIEA2008267 035 $a(EXLCZ)993170000000055163 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDynamic Factor Price Equalization & International Income Convergence /$fClinton Shiells, Joseph Francois 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (19 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781451915785 311 08$a1451915780 327 $aIntro -- Contents -- I. INTRODUCTION -- II. BASIC TWO-SECTOR MODEL -- III. INTEGRATED INTERTEMPORAL EQUILIBRIUM -- IV. OUTSIDE THE DYNAMIC FPE SET -- V. CONCLUSIONS -- REFERENCES. 330 3 $aThe paper develops a tractable way to incorporate the micro structure of dual models of international trade into a standard class of dynamic open-economy macro models. In the process, it develops the concept of a dynamic factor price equalization set and an integrated intertemporal equilibrium. A number of results are obtained concerning trade, growth, and income convergence. Countries with higher capital/labor ratios may stay wealthier over time, both in the transition and in the new steady state. Real shocks in one country will be transmitted to the other country through the factor markets and traded goods prices. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/267 606 $aInvestments: General$2imf 606 $aInvestments: Stocks$2imf 606 $aMacroeconomics$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aLabor Economics: General$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aInvestment$2imf 606 $aCapital$2imf 606 $aIntangible Capital$2imf 606 $aCapacity$2imf 606 $aInvestment & securities$2imf 606 $aLabour$2imf 606 $aincome economics$2imf 606 $aStocks$2imf 606 $aLabor$2imf 606 $aConsumption$2imf 606 $aIncome$2imf 606 $aCapital accumulation$2imf 606 $aLabor economics$2imf 606 $aEconomics$2imf 606 $aSaving and investment$2imf 606 $aIncome economics$2imf 615 7$aInvestments: General 615 7$aInvestments: Stocks 615 7$aMacroeconomics 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aLabor Economics: General 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aAggregate Factor Income Distribution 615 7$aInvestment 615 7$aCapital 615 7$aIntangible Capital 615 7$aCapacity 615 7$aInvestment & securities 615 7$aLabour 615 7$aincome economics 615 7$aStocks 615 7$aLabor 615 7$aConsumption 615 7$aIncome 615 7$aCapital accumulation 615 7$aLabor economics 615 7$aEconomics 615 7$aSaving and investment 615 7$aIncome economics 676 $a332.1/52 700 $aShiells$b Clinton$0125372 701 $aFrancois$b Joseph$01801679 801 0$bDcWaIMF 906 $aBOOK 912 $a9910970184303321 996 $aDynamic Factor Price Equalization & International Income Convergence$94347047 997 $aUNINA