Convergence, Divergence and Changing Trade Patterns: Theoretical Inquiries Into the Role of Preferences, Factor Accumulation, Technological Change and

ISBN-13: 9783790808780 / Angielski / Miękka / 1995 / 149 str.

Klaus Whalde; K. Walde; Klaus Walde

Opis

This study constitutes a theoretical inquiry into the reasons for convergence, divergence and, in a trade-theoretic perspective, for a reversal of trade patterns. It describes various mechanisms determining factor rewards and the change of trade patterns of growing economies.

Spis treści

1. Introduction.- 2. On an additional condition for factor-price equalization in intertemporal Heckscher-Ohlin models.- 3. Unequal factor prices and incomplete specialization in a Heckscher-Ohlin model of endogenous growth.- 4. Transitional dynamics, convergence and international capital flows in two-country models of innovation and growth.- 5. Impatience, factor endowment and trade patterns in a small open economy of endogenous growth.- 6. Trade pattern reversal: The role of technological change, factor accumulation and government intervention.- References.