Country size, specialization patterns and secular demand stagnation

Material type: 文書・図像類

Author: Ono, Yoshiyasu

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2017-11

Material Format: Paper

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Note (General)：: Using a dynamic two-country two-commodity Ricardian model where preference for money (or wealth) leads to aggregate demand deficiency, this paper exam...

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Paper

Material Type: 文書・図像類
Title: Country size, specialization patterns and secular demand stagnation
Author/Editor: Ono, Yoshiyasu
Author Heading: Ono, Yoshiyasu
https://nrid.nii.ac.jp/nrid/1000070130763
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2017-11
Publication Date (W3CDTF): 2017-11
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 1017
Volume: 1017
Pages: 1-35
Text Language Code: eng
Subject Heading: secular demand stagnation
liquidity trap
unemployment
population
specialization pattern
Target Audience: 一般
Note (General): Using a dynamic two-country two-commodity Ricardian model where preference for money (or wealth) leads to aggregate demand deficiency, this paper examines the relationship between the two countries’ relative population size and their specialization patterns, employment and consumption. When the countries have similar population sizes, they specialize in respective commodities with comparative advantage. In this case a larger foreign, or a smaller home, population raises the relative price of the home commodity. It raises home real income and consumption per capita if full employment prevails in the home country. If unemployment appears, however, home employment and consumption per capita decrease.
References (URI): http://www.iser.osaka-u.ac.jp/library/dp/2017/DP1017.pdf
URI
http://www.iser.osaka-u.ac.jp/library/dp/2017/DP1017.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華