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Title: |
A Multi-country Free Trade Model with Capital
Accumulation |
| Author: |
Zhang, Wei-Bin |
| Author
Affiliation: |
Institute for
Futures Studies |
| Source: |
International Economic Journal, Spring 1994, v. 8, no. 1, pp. 53-66 |
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Publication Date: |
Spring 1994 |
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Abstract: |
This paper develops a multi-country
endogenous growth model to investigate possible causes for the existence
and persistence of trade patterns among countries with different
preferences and production functions and perfect international capital
mobility. Private consumption and savings are derived from maximizing
utility level which is dependent upon current levels of wealth and
consumption at each point of time. We show how differences in
preferences and production functions may affect the trade patterns in
the dynamic competitive world economy. |
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