Factor Accumulation and the Terms of Trade: Applications to the Asian Financial Crisis

E. Choi, H. Beladi
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引用次数: 3

Abstract

.  This paper investigates the effects of population growth and capital accumulation on trade and welfare. In the absence of a terms of trade effect, an population increase reduces the standard of living and causes a reduction in welfare. An increase in population causes deterioration in the terms of trade of a labour abundant country, whereas capital accumulation improves them, regardless of the source of growth. Moreover, an increase in the South's population is immiserizing.
要素积累与贸易条件:在亚洲金融危机中的应用
本文研究了人口增长和资本积累对贸易和福利的影响。在没有贸易条件效应的情况下,人口增长会降低生活水平,导致福利减少。人口增长导致劳动力丰富的国家的贸易条件恶化,而资本积累则改善了贸易条件,无论增长的来源是什么。此外,韩国人口的增加正在使其变得更加贫困。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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