Extension of krugman’s comparative advantage model: Blessed fuels and cursed metals
<p>Krugman’s dynamic comparative advantage model deals with spending effect from resource dividends. In its original setup dividends from resource export result in higher relative wages and therefore the Home country loses its production share to the Foreign country. <br />The model had...
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| Format: | Article |
| Language: | English |
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Mongolian Academy of Sciences
2018-04-01
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| Series: | Proceedings of the Mongolian Academy of Sciences |
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| Online Access: | https://www.mongoliajol.info/index.php/PMAS/article/view/975 |