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  1. The wage fund theory and the gains from trade in a dynamic Ricardian model
    Author: Marjit, Sugata; Nakanishi, Noritsugu
    Published: July 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
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    No inter-library loan

     

    This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the context of contemporary economic theory. The modified golden rule can be derived based on a mechanism significantly different from the standard Ramsey-Cass-Koopmans optimal growth framework. We also show that, although international trade in a static setting in the wage fund framework has real asymmetric distributional effects on the welfare of the agents just like the Stolper-Samuelson theorem, those asymmetric distributional impacts are nullified in the dynamic setting. In fact, trade liberalization is Pareto improving along the balanced growth path.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/245399
    Series: CESifo working paper ; no. 9218 (2021)
    Subjects: wage fund; Ricardo model; modified golden rule; gains from trade; balanced growth path
    Scope: 1 Online-Ressource (circa 27 Seiten)
  2. Long-run determinants of immigration to Germany 1974 - 1999
    a Ricardian framework
    Author: Foders, Federico
    Published: 2003
    Publisher:  Inst. for World Economics, Kiel

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  3. Long-run determinants of immigration to Germany 1974 - 1999 : A Ricardian framework
    Author: Foders, Federico
    Published: 2003
    Publisher:  Kiel Institute for the World Economy (IfW), Kiel

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