Within the framework of the Heckscher-Ohlin model, this paper addresses some of the positive issues related to trade in durable goods, nondurables, and services. The pattern of trade between countries is analyzed under two of a number of possible regimes governing trade in services. In one case,...

This paper investigates the relationship between growth, population growth, capital accumulation and foreign debt. The paper uses an open economy neoclassical growth model to look at what macroeconomic forces explain why a number of countries accumulated (often unsustainable) debt and others did...