This paper constructs a small economy version of dynamic Heckscher-Ohlin models with overlapping generations and analyzes effects of capital income taxation on the specialization pattern of the country. It is shown that once international asset trade is allowed, in the presence of international...

In this note we examine if the proposition offered by <link rid="b5">Fershtman and Nitzan (1991)</link> and <link rid="b12">Wirl (1996)</link> in the context of a dynamic voluntary provision model with a linear production function can be generalized to a more general CES formulation. By comparing the steady-state stocks of a public good in...