IDEAS home Printed from https://ideas.repec.org/a/ris/integr/0077.html
   My bibliography  Save this article

International Capital Movements in the OG Growth Model with Integenerational Transfer Motives

Author

Listed:
  • D. Yoon, Young

    (Pusan National University, Pusan, Korea)

Abstract

This paper examines the long consequences of capital movements in overlapping generation growth model with bequest motive. Whereas there is only terms of trade effect of free capital movements across countries in the traditional of trade effect, and golden rule effect. In the capital-importing country the bequest reduction effect of lower interest rate disfavors the future them. In the capital-exporting country the bequest-accumulation effect and the terms of trade effect of higher iinteretst rate favors future generations while the golden rule effect of it disfavors them. Present paper singled out the bequest accumulation effect and the bequest reduction effect of the interest rate change caused by international capital movement. This paper also showed that there is close relationship between the welfare of future generations and their assets in the context of the OG model with bequest motive.

Suggested Citation

  • D. Yoon, Young, 1998. "International Capital Movements in the OG Growth Model with Integenerational Transfer Motives," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 13, pages 311-332.
    • Handle: RePEc:ris:integr:0077
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Viaene, Jean-Marie & Zilcha, Itzhak, 2002. "Capital markets integration, growth and income distribution," European Economic Review, Elsevier, vol. 46(2), pages 301-327, February.

    More about this item

    Keywords

    International; Capital; Movements;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:integr:0077. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yunhoe Kim (email available below). General contact details of provider: https://edirc.repec.org/data/desejkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.