General equilibrium with imbalance of trade

作者: David Gale

DOI: 10.1016/0022-1996(71)90053-5

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摘要: Abstract : The paper is a continuation of the study dynamic models general equilibrium. Such differ from standard static model only in fact that instead dealing with finite set economic agents one considers population, is, sequence each which active over specified interval time (his life-time). For such it shown there can be steady state international trade equilibria are 'unbalanced' meaning value imports and exports individual countries need not equal. Specifically an example given two country single tradable good at equilibrium constant amount this to other every period gets nothing return. It further under suitable assumptions on technologies unablanced may globally stable so any initial pattern will converge unbalanced pattern. (Author)

参考文章(2)
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