Bond, Eric W.; Iwasa, Kazumichi; Nishimura, Kazuo - Institute of Economic Research, Kyoto University - 2011
We extend the dynamic Heckscher-Ohlin model in Bond et al. (2009) and show that if the labor intensive good is inferior … with dynamic Heckscher-Ohlin models with normality in consumption, where the country with the higher (lower) capital stock …