| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17549 |
| 来源ID | Working Paper 17549 |
| On the Connections between Intertemporal and Intra-temporal Trades | |
| Jiandong Ju; Kang Shi; Shang-Jin Wei | |
| 发表日期 | 2011-10-27 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra-temporal trade into an intertemporal trade approach of current account. To do so, we consider a dynamic general equilibrium model with tradable sectors of different factor intensities, which allows for substitution between intertemporal trade (current account adjustment) and intra-temporal trade (goods trade). An economy's response to a shock generally involves a combination of a change in the composition of goods trade and a change in the current account. Flexible factor markets reduce the need for the current account to adjust. On the other hand, the more rigid the factor markets, the larger the size of current account adjustment relative to the volume of goods trade, and the slower the speed of adjustment of the current account towards its long-run equilibrium. We present empirical evidence consistent with the theory. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w17549 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575223 |
| 推荐引用方式 GB/T 7714 | Jiandong Ju,Kang Shi,Shang-Jin Wei. On the Connections between Intertemporal and Intra-temporal Trades. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17549.pdf（569KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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