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Free Mobility of Ca...
Free Mobility of Capital and Labor Force in a Two-Country Model: The Dynamic Game” for Growth
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Accinelli, Elvio (författare)
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Policardo, Laura (författare)
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Sanchez Carrera, Edgar (författare)
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- Salas, Osvaldo, 1953 (författare)
- Gothenburg University,Göteborgs universitet,Förvaltningshögskolan,School of Public Administration
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(creator_code:org_t)
- American Institute of Mathematical Sciences (AIMS), 2019
- 2019
- Engelska.
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Ingår i: The Journal of Dynamics and Games. - : American Institute of Mathematical Sciences (AIMS). - 2164-6066 .- 2164-6074. ; 6:3, s. 179-194
- Relaterad länk:
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https://www.aimscien...
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https://gup.ub.gu.se...
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https://doi.org/10.3...
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Abstract
Ämnesord
Stäng
- In this paper, we consider a two-country and two-sector economy, where firms can choose to be innovative or not innovative, and workers to be skilled or unskilled. Using a dynamic game, we argue that exploiting the comparative advantages a country has in producing goods that use the most abundant factor of production, free mobility of capital and labour is beneficial for economic growth. However, if a country has a comparative advantage in a sector that uses intensely unskilled labour (which is the case of several underdeveloped economies), a poverty trap may arise. For this reason we argue that national Governments must ensure the technological development to improve competitiveness and therefore a social optimal use of the comparative advantages.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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