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A Two-country Model of Public Infrastructure Capital : Trade Patterns and Trade Gains in the Long Run
http://hdl.handle.net/2237/00030670
http://hdl.handle.net/2237/0003067071de5722-5c6b-4a44-bee5-2807ff7117c7
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
E19-8.pdf (241.1 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
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| 公開日 | 2019-09-09 | |||||
| タイトル | ||||||
| タイトル | A Two-country Model of Public Infrastructure Capital : Trade Patterns and Trade Gains in the Long Run | |||||
| 言語 | en | |||||
| 著者 |
Yanase, Akihiko
× Yanase, Akihiko× Tawada, Makoto |
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| アクセス権 | ||||||
| アクセス権 | open access | |||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Public infrastructure capital | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Two-country trade | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Trade pattern | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Gains/losses from trade | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Terms-of-trade effect | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This study develops a two-country dynamic trade model with public infrastructure capital that has a positive effect on private sector productivity. Under the assumptions that welfare-maximizing national governments determine the paths of production taxes for financing public investment and that infrastructure has an "unpaid factor" property, this study examines the economy's trade pattern and the long-run effects of trade. If governments take world prices as given when they make public investments, a country with a smaller labor endowment, a lower depreciation rate for infrastructure capital stock, and/or a lower rate of time preference will become an exporter of a good that is more dependent on public infrastructure and will unambiguously gain from trade, whereas its trading partner may lose from trade. In the case of strategic governments that recognize the effect on the terms of trade when they determine their policy paths, the country exporting (importing) the good that is more dependent on the stock of public infrastructure will underaccumulate (overaccumulate) infrastructure in the long run. | |||||
| 言語 | en | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | This work has been financially supported by Japan Society for the Promotion of Science (JSPS) Grant-in-Aid for Scientific Research (B) (No. 16H03612), (C) (No.17K03730), and Fund for the Promotion of Joint International Research (No. 16KK0079). | |||||
| 言語 | en | |||||
| 出版者 | ||||||
| 出版者 | 名古屋大学大学院経済学研究科附属国際経済政策研究センター | |||||
| 言語 | ja | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 出版タイプ | ||||||
| 出版タイプ | VoR | |||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||
| 書誌情報 |
en : Economic Research Center Discussion Paper 号 E19-8, p. 1-36, 発行日 2019-08 |
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| 著者版フラグ | ||||||
| 値 | publisher | |||||
| シリーズ | ||||||
| 関連名称 | E-Series;E19-8 | |||||
