Brandt, Jana; Meckl, Jürgen; Savin, Ivan - Volkswirtschaft Abteilung, Fachbereich … - 2011
We analyze the medium- and long-run effects of international integration of capital markets on specialization patterns of countries. For that purpose, we incorporate induced technical change into a Heckscher-Ohlin model with a continuum of final goods. This provides a comprehensive theory that...
