Dynamic Factor Price Equalization & International Income Convergence / / Clinton Shiells, Joseph Francois
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| Autore: |
Shiells Clinton
|
| Titolo: |
Dynamic Factor Price Equalization & International Income Convergence / / Clinton Shiells, Joseph Francois
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (19 p.) |
| Disciplina: | 332.1/52 |
| Soggetto topico: | Investments: General |
| Investments: Stocks | |
| Macroeconomics | |
| Pension Funds | |
| Non-bank Financial Institutions | |
| Financial Instruments | |
| Institutional Investors | |
| Labor Economics: General | |
| Macroeconomics: Consumption | |
| Saving | |
| Wealth | |
| Aggregate Factor Income Distribution | |
| Investment | |
| Capital | |
| Intangible Capital | |
| Capacity | |
| Investment & securities | |
| Labour | |
| income economics | |
| Stocks | |
| Labor | |
| Consumption | |
| Income | |
| Capital accumulation | |
| Labor economics | |
| Economics | |
| Saving and investment | |
| Altri autori: |
FrancoisJoseph
|
| Note generali: | Description based upon print version of record. |
| Nota di contenuto: | Intro -- Contents -- I. INTRODUCTION -- II. BASIC TWO-SECTOR MODEL -- III. INTEGRATED INTERTEMPORAL EQUILIBRIUM -- IV. OUTSIDE THE DYNAMIC FPE SET -- V. CONCLUSIONS -- REFERENCES. |
| Sommario/riassunto: | The 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. |
| Titolo autorizzato: | Dynamic Factor Price Equalization & International Income Convergence |
| ISBN: | 1-4623-7394-1 |
| 1-4527-9246-1 | |
| 1-4518-7125-2 | |
| 9786612842184 | |
| 1-282-84218-8 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910827360803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2008/267