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Dynamic Factor Price Equalization & International Income Convergence / / Clinton Shiells, Joseph Francois



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Autore: Shiells Clinton Visualizza persona
Titolo: Dynamic Factor Price Equalization & International Income Convergence / / Clinton Shiells, Joseph Francois Visualizza cluster
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  Visualizza cluster
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
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Serie: IMF Working Papers; Working Paper ; ; No. 2008/267