Fiscaoeconomia

Yazarlar: Wei-bin ZHANG

Konular:Sosyal Bilimler, Disiplinler Arası, İşletme

DOI:10.25295/fsecon.2020.02.007

Anahtar Kelimeler:Trade Pattern,Residential Structure,Growth,Capital Accumulation

Özet: The purpose of this study is to examine dynamic interactions among economic growth, housing markets, residential distribution and international trade. The paper builds a multi-country growth model with economic geography and capital accumulation. The unique feature of the paper is to introduce economic geography and housing markets into a multi-country growth model with microeconomic foundations. The model is developed by integrating the four well-known key models – the Solow growth model, the Oniki–Uzawa trade model, the Alonso urban model, and the Muth housing model – in growth theory, international growth economics and urban economics within a comprehensive framework. We show that the dynamics of the J -country world economy can be described by J differential equations. We also simulate the global economy with three countries.

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