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International Trade and Investment under Different Rates of Time Preference

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NBER1990-10-01 更新2025-01-04 收录
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This paper attempts to integrate the theory of trade with that of capital movements, and to study the two country world where each nation has a different rate of time preference. It resolves the indeterminacy problem intrinsic in the Heckscher-Ohlin model where trade and factor movements coexist by

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1990-10-01
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