Iwasa, Kazumichi; Nishimura, Kazuo - In: International Journal of Economic Theory 10 (2014) 1, pp. 53-74
type="main" xml:lang="en" <title type="main">Abstract</title> <p>We extend a dynamic Heckscher–Ohlin model with production externality presented in recent work by Nishimura and Shimomura by assuming a consumable capital good. Following work by Bond, Iwasa, and Nishimura, we define a steady-state excess demand function and...</p>