Free mobility of capital and Labor force in a two-country model: The dynamic game for growth

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2019-04-24 DOI:10.3934/JDG.2019013

E. Accinelli, E. Carrera, Laura Policardo, Osvaldo Salas

引用次数: 3

Abstract

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 labor is beneficial for economic growth. However, if a country has a comparative advantage in a sector that uses intensely unskilled labor (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.

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两国模式下资本和劳动力的自由流动:增长的动态博弈

在本文中，我们考虑一个两国两部门经济，企业可以选择创新或不创新，工人可以选择熟练或不熟练。本文运用动态博弈理论，论证了利用一国在生产使用最丰富的生产要素、资本和劳动力自由流动的商品方面的比较优势，有利于经济增长。但是，如果一个国家在使用高度非熟练劳动力的部门具有比较优势(几个不发达经济体就是这种情况)，就可能出现贫困陷阱。因此，我们认为，各国政府必须确保技术发展，以提高竞争力，从而使社会最优地利用比较优势。

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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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.