Series: IMF Working Papers
Author(s): Clinton Shiells , and Joseph Francois
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2008
Keywords: Neoclassical Models of Trade, Economic Growth of Open Economies, Cross Country Output Convergence, capital stock, factor price, intermediate goods, factor price equalization, Cross-Country Output Convergence,
The paper develops a tractable way to incorporate the micro structure of dual models of international trade into a standard class of dynamic open-economy macro models. In the process, it develops the concept of a d...