کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
966176 930933 2008 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Openness to trade as a determinant of the macroeconomic elasticity of substitution
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Openness to trade as a determinant of the macroeconomic elasticity of substitution
چکیده انگلیسی
Several theoretical and empirical studies on economic growth consider the macroeconomic elasticity of substitution between capital and labor as a measure of economic flexibility that depends on technological as well as institutional aspects. One institutional aspect of economic flexibility is openness to trade. I examine in a Heckscher-Ohlin model with two large countries trading intermediate goods how openness affects the elasticity of substitution. If the technology has a constant elasticity of substitution in a closed economy, opening up to trade raises the elasticity of substitution only in the country that accumulates capital at a faster rate.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 30, Issue 2, June 2008, Pages 691-702
نویسندگان
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