Time Preference and Factor Mobility in an OLG Model with Land.

This paper examines the pattern of capital mobility in a two-country overlapping generations world in which production uses three inputs capital, labor and land. The steady-state welfare consequences of opening countries to financial capital or labor mobility are then compared. In particular, it is shown that capital mobility does not equalize standards of living across countries. To achieve this goal, one has to rely on labor mobility.

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Year of publication:	1996
Authors:	Crettez, B. ; Michel, P. ; Vidal, J.P.
Institutions:	Groupement de Recherche en Économie Quantitative d'Aix-Marseille (GREQAM), Aix-Marseille School of Economics (AMSE)
Subject:	CAPITAL \| LAND \| FINANCIAL MARKET \| INTERNATIONAL FINANCE

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Series:	G.R.E.Q.A.M..
Type of publication:	Book / Working Paper
Notes:	15 pages
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; F10 - Trade. General ; F20 - International Factor Movements and International Business. General ; F21 - International Investment; Long-Term Capital Movements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005779674