BOND, Eric; Kazumichi, IWASA; Kazuo, NISHIMURA - Research Institute of Economy, Trade and Industry (RIETI) - 2012
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....