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Published in:
1989 | OriginalPaper | Chapter
Population, International Trade and Indebtedness: A More General Analysis
Author : Hitoshi Kondo
Published in: Economic Theory of Optimal Population
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Our purpose in the present paper is to develop an open-economy, overlapping-generations model in which population, international trade and international indebtedness all appear as endogenous variables and in which intergenerational caring and bequests play a role. In particular, we examine the effects of international trade and investment on the steady-state values of capital ownership per worker, the capital-labour ratio, the level of income per family and the rate of population growth.