Convergence in a Dynamic Heckscher-Ohlin Model with Land

Heckscher-Ohlin versions of the two-sector neoclassical growth model predict that late-blooming nations can remain permanently poorer. This is an important result that warns us about the dangers of international trade. We show, however, that the result vanishes once inputs in fixed supply such as land are introduced into the model.

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Year of publication:	2015-05-04
Authors:	Guilló, María Dolores ; Pérez-Sebastián, Fidel
Institutions:	Departamento de Métodos Cuantitativos y Teoría Económica, Facultad de Ciencias Económicas y Empresariales
Subject:	Fixed factors \| international trade \| neoclassical growth \| convergence

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Extent:	application/pdf
Series:	QM&ET Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series QM&ET Working Papers The price is shipping cost Number 15-4 22 pages
Classification:	F43 - Economic Growth of Open Economies ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011272011