Artuç, Erhan; Chaudhuri, Shubham; McLaren, John - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2007
We simulate numerically a trade model with labor mobility costs added, modeled in such a way as to generate gross flows in excess of net flows. Adjustment to a trade shock can be slow with plausible parameter values. In our base case, the economy moves 95% of the distance to the new steady state...
