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| Tekijä: | Bajona, C. |
| Otsikko: | Specific factors, learning, and the dynamics of trade |
| Lehti: | International Economic Review
2004 : MAY, VOL. 45:2, p. 499-521 |
| Asiasana: | Country comparisons Equilibrium analysis Learning Trade |
| Kieli: | eng |
| Tiivistelmä: | In the postwar period, the volume of trade among developed countries has increased at a much higher rate than GDP. A dynamic general equilibrium model of trade between developed countries that accounts for this pattern of trade dynamics is presented in this paper. Countries trade in goods that use good-specific skilled labour and unskilled labour as factors of production. Specific skills are learned on the job and there exists positive effects in learning. |
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