The strong transfer paradox in an overlapping generations framework

It is shown that in an overlapping generations model, a strong transfer paradox occurs through permanent transfer in a dynamically efficient region because of international capital mobility. A graphical explanation is also provided to show how the strong paradox arises.

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Year of publication:	2006-02-21
Authors:	Yanagihara, Mitsuyoshi
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 6.2006, 3, p. 1-8
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	F4 - Macroeconomic Aspects of International Trade and Finance ; O1 - Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629421