Deardorff, Alan V. (contributor) - 2004 - [Elektronische Ressource]
(2001) for my own take on this issue, including in a Ricardian model. See also Jones
(2000) and Grossman and Helpman (2002 …-output technology permits
production at all, even in a closed economy. According to Gale (1960), a “productive”
economy must have the …
pBIv =−
−1
)( (17)
For a productive economy in the sense of Gale, then, v < 0 requires p < 0 as well. Thus,
as long as …