Hu, Yunfang; Nishimura, Kazuo; Shimomura, Koji - In: Contemporary and emerging issues in trade theory and policy, (pp. 191-207). 2008
Based on the Jones (1971) model, we construct two dynamic models of international trade in which the rate of time preference is either constant or time-varying. The main purpose is to study whether and under what conditions the results derived in the Jones model still hold in the dynamic...
