دانلود مقاله ISI انگلیسی شماره 28585
عنوان فارسی مقاله

هزینه های تعدیل نامتقارن در مدل های ساده تعادل عمومی

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
28585 2004 11 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Asymmetric adjustment costs in simple general equilibrium models
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : European Economic Review, Volume 48, Issue 1, February 2004, Pages 63–73

کلمات کلیدی
تعادل عمومی - تجارت بین الملل - نظریه ساموئلسون - هزینه های تنظیم - تعیین قیمت فاکتور -
پیش نمایش مقاله
پیش نمایش مقاله هزینه های تعدیل نامتقارن در مدل های ساده تعادل عمومی

چکیده انگلیسی

This paper demonstrates that the introduction of asymmetric adjustment costs in a simple general equilibrium framework establishes a meaningful link between factor price determination and output determination, breaking the analytically convenient dichotomy of the Heckscher–Ohlin–Samuelson model. The possibility of trade between seemingly similar countries that differ in their adjustment technologies is visited.

مقدمه انگلیسی

The role of adjustment costs in a general equilibrium model is widely recognized.1A number of econometric studies have also provided estimates of adjustment costs.2 However, there is no compelling reason to believe that such adjustment costs will be uniform across sectors.3This paper demonstrates that the introduction of asymmetric adjustment costs in an otherwise Heckscher–Ohlin–Samuelson (H–O–S) model establishes a meaningful link between factor price determination and output determination, breaking the analytically convenient dichotomy. In consequence, the possibility of the emergence of a trading equilibrium between two economies that differ in their adjustment technologies but are otherwise identical is demonstrated. The rest of the paper is organized as follows. Section 2 presents a diagrammatic analysis of the effects of asymmetric adjustment costs. It provides a useful taxonomy for the formal model presented in Section 3. Section 4 concludes.

نتیجه گیری انگلیسی

This paper demonstrates that the introduction of asymmetric adjustment costs in a simple general equilibrium framework establishes a meaningful link between factor price determination and output determination, breaking the analytically convenient dichotomy of the H–O–S model. It is shown that in a two-sector model an expansion in the endowment of a factor (capital) can lead to an expansion, contraction or no change in the output of either sector depending on the adjustment technology. The possibility of a trading equilibrium between two economies that differ in their adjustment technologies but are otherwise identical is demonstrated. Finally, innumerous attempts, in a vast pool of empirical literature, are continuously made to test (weak) implications of the H–O–S theory. Most studies report that the implications are spectacularly at odds with the description of international data.11By bringing out the implications of asymmetric adjustment costs this paper points to the importance of allowing sector-specific adjustment costs in tests of the implications of the H–O–S theory.

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