The existing literature establishes possibilities of local determinacy and dynamic indeterminacy in continuous-time two-sector models of endogenous growth with social constant returns. The necessary and sufficient condition for local determinacy is that the factor intensity rankings of the two...

This note formulates a dynamic two-country (developed and developing countries) Chamberlin-Heckscher-Ohlin model of trade with endogenous time preferences a la Uzawa (1968). We examine the relationship between initial factor endowment differences and trade patterns in the steady state. In...

Applying Atkeson and Kehoe's (2000) dynamic model to the dynamic Chamberlin-Heckscher-Ohlin approach, we examine the role of the timing of development (e.g., the removal of trade barriers) as a determinant of trade patterns.

This paper formulates a two-country by two-factor by two-good dynamic Chamberlin-Heckscher-Ohlin model of international trade with endogenous time preferences. After proving the existence, uniqueness and local saddle-point stability of the steady state, we examine the relationship between...