Convergence in a Dynamic Heckscher-Ohlin Model with Land

María Guilló and Fidel Pérez-Sebastián ()
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Fidel Pérez-Sebastián: Departamento de Fundamentos del Análisis Económico, Postal: Universidad de Alicante, , Apartado de correos 99, Ctra. San Vicente s/n, 03080 Alicante, Spain
Authors registered in the RePEc Author Service: Fidel Perez Sebastian

No 15-4, QM&ET Working Papers from University of Alicante, D. Quantitative Methods and Economic Theory

Abstract: Heckscher-Ohlin versions of the two-sector neoclassical growth model predict that late-blooming nations can remain permanently poorer. This is an important result that warns us about the dangers of international trade. We show, however, that the result vanishes once inputs in fixed supply such as land are introduced into the model.

Keywords: Fixed factors; international trade; neoclassical growth; convergence (search for similar items in EconPapers)
JEL-codes: F43 O41 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2015-05-04
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Convergence in a Dynamic Heckscher–Ohlin Model with Land (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:qmetal:2015_004

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