Can Productivity Progress in China Hurt the USA? Samuelson's Example Extended

Wenli Cheng, DingSheng Zhang
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引用次数: 6

Abstract

This paper develops a general equilibrium three-goods Ricardian model that extends Samuelson's example on the impact of productivity progress. Our model highlights Samuelson's insight that productivity progress can change the pattern of trade and in turn can have dramatic welfare implications. It also shows that while Samuelson is correct that productivity growth in one country can hurt another, the loss is not as permanent as his example appears to suggest. Continuing productivity growth in one country is likely to benefit all trading countries in the long run. Copyright 2007 The Authors Journal compilation 2007 Blackwell Publishing Ltd
中国生产力的进步会伤害美国吗?萨缪尔森的例子扩展
本文建立了一个一般均衡的三品李嘉图模型,扩展了萨缪尔森关于生产率进步影响的例子。我们的模型突出了萨缪尔森的洞见,即生产率的进步可以改变贸易模式,进而对福利产生巨大影响。它还表明,尽管萨缪尔森关于一国生产率增长可能损害另一国生产率的观点是正确的,但这种损失并不像他的例子所暗示的那样是永久性的。从长远来看,一国生产率的持续增长很可能使所有贸易国受益。版权所有2007作家杂志汇编2007布莱克威尔出版有限公司
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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