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dc.contributor.authorFarhat, Danielen_NZ
dc.date.available2011-04-07T03:05:44Z
dc.date.copyright2010-05-01en_NZ
dc.identifier.citationFarhat, D. (2010). Capital Accumulation, Non-traded Goods and International Macroeconomic Dynamics with Heterogeneous Firms (Economics Discussion Papers Series No. 1002). Department of Economics, University of Otago. Retrieved from http://hdl.handle.net/10523/948en
dc.identifier.urihttp://hdl.handle.net/10523/948
dc.description.abstractThis paper examines international business cycle transmission within a two-country dynamic stochastic general equilibrium model featuring an endogenously determined trade pattern. In contrast to existing literature, this model distinguishes between non-traded final goods and traded inputs. The model incorporates capital into the production of final goods and shows that shocks to final goods production are important in replicating the empirical regularities of imports, exports, the real exchange rate and their relationship to GDP. Endogenously determined labour supply and high asset market frictions are incorporated into the model to improve the model's ability to replicate labour market statistics and international co-movement.en_NZ
dc.format.mimetypeapplication/pdf
dc.publisherDepartment of Economics, University of Otagoen_NZ
dc.relation.ispartofseriesEconomics Discussion Papers Seriesen_NZ
dc.relation.urihttp://www.business.otago.ac.nz/econ/research/discussionpapers/index.htmlen_NZ
dc.subjectInternational Real Business Cyclesen_NZ
dc.subjectNon-traded Final Goodsen_NZ
dc.subjectImperfect Competitionen_NZ
dc.subjectInternational Tradeen_NZ
dc.subject.lcshHB Economic Theoryen_NZ
dc.titleCapital Accumulation, Non-traded Goods and International Macroeconomic Dynamics with Heterogeneous Firmsen_NZ
dc.typeDiscussion Paperen_NZ
dc.description.versionPublisheden_NZ
otago.bitstream.pages29en_NZ
otago.date.accession2010-08-18 02:45:53en_NZ
otago.schoolDepartment of Economicsen_NZ
otago.openaccessOpen
otago.place.publicationDunedin, New Zealanden_NZ
dc.identifier.eprints926en_NZ
otago.school.eprintsEconomicsen_NZ
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