A dynamic international trade model with endogenous fertility

Yukio Karasawa-Ohtashiro, Akihiko Yanase

Research output: Contribution to journalArticlepeer-review

Abstract

This paper examines a two-country dynamic general equilibrium model with endogenous fertility. We show that the introduction of child-rearing behavior brings about new properties in long-run dynamics. After an analysis of the existence, uniqueness, and local stability of the long-run equilibrium, we examine the international trade pattern and comparative static's in order to identify the differences with the standard dynamic international trade model.

Original languageEnglish
Pages (from-to)237-261
Number of pages25
JournalAsia-Pacific Journal of Accounting and Economics
Volume18
Issue number3
DOIs
Publication statusPublished - 2011 Dec
Externally publishedYes

Keywords

  • Dynamic two-country international trade model
  • Endogenous fertility
  • Long-run trade patterns

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics

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