Capital Mobility in a Dynastic Framework

J.-P. Vidal

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: This paper studies the pattern of capital mobility within a two-country dynastic model in which each country is exogenously characterized by its degree of altruism toward children. The steady-state welfare implications of restricted as well as unrestricted capital mobility are established. It is shown that world integration increases the steady-state welfare of the more altruistic capital exporting country and can either increase or reduce the steady-state welfare of the less altruistic capital importing country.

Keywords: CAPITAL; ALTRUISM ECONOMIC INTEGRATION (search for similar items in EconPapers)
JEL-codes: F15 F21 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a21

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