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Can I read Aging, Transitional Dynamics, and Gains from Trade on EtoBox?
Aging, Transitional Dynamics, and Gains from Trade by Takumi Naito; Laixun Zhao is a Economics, Econometrics and Finance article available to read on EtoBox.
What is Aging, Transitional Dynamics, and Gains from Trade about?
We formulate a two-country, two-good, two-factor, two-period-lived overlapping generations model to examine how population aging determines the pattern of and gains from trade. Two main results are obtained. First, the aging country endogenously becomes a small country exporting the capital-intensive good, whereas the younger country endogenously dominates the world economy determining the world prices, in the free trade steady state. Second, although uncompensated free trade cannot be Pareto superior to autarky, there exists a compensation scheme applied within each country such that free trade is Pareto superior to autarky.
Who reads Aging, Transitional Dynamics, and Gains from Trade?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Takumi Naito; Laixun Zhao
- Publisher
- Elsevier Science; Elsevier ; Elsevier BV (ISSN 0165-1889)
- Published
- 2009
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)