英文标题:
《The effects of energy and commodity prices on commodity output in a
three-factor, two-good general equilibrium trade model》
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作者:
Yoshiaki Nakada
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最新提交年份:
2018
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英文摘要:
We analyze the effects of energy and commodity prices on commodity output using a three-factor, two-good general equilibrium trade model with three factors: capital, labor, and imported energy. We derive a sufficient condition for each sign pattern of each relationship to hold, which no other studies have derived. We assume factor-intensity ranking is constant and use the EWS (economy-wide substitution)-ratio vector and the Hadamard product in the analysis. The results reveal that the position of the EWS-ratio vector determines the relationships. Specifically, the strengthening (resp. reduction) of import restrictions can increase (resp. decrease) the commodity output of exportables, if capital and labor, domestic factors, are economy-wide complements. This seems paradoxical.
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中文摘要:
我们使用一个包含三个因素(资本、劳动力和进口能源)的三因素双良好一般均衡贸易模型,分析了能源和商品价格对商品产出的影响。我们推导了每个关系的每个符号模式都成立的一个充分条件,这是其他研究都没有得到的。我们假设要素强度排名为常数,并在分析中使用EWS(经济范围替代)比率向量和阿达玛乘积。结果表明,EWS比率向量的位置决定了关系。具体而言,如果资本和劳动力、国内因素是整个经济的补充,那么加强(或减少)进口限制可以增加(或减少)出口商品的产量。这似乎自相矛盾。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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