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A Dynamic International Trade Model with Endogenous Fertility

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  • Yukio Karasawa-Ohtashiro
  • Akihiko Yanase

Abstract

This paper examines a two-country dynamic general equilibrium model with endogenous fertility. We show that the introduction of child-rearing behavior brings about new properties in long-run dynamics. After an analysis of the existence, uniqueness, and local stability of the long-run equilibrium, we examine the international trade pattern and comparative statics in order to identify the differences with the standard dynamic international trade model.

Suggested Citation

  • Yukio Karasawa-Ohtashiro & Akihiko Yanase, 2011. "A Dynamic International Trade Model with Endogenous Fertility," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 18(3), pages 237-261.
    • Handle: RePEc:taf:raaexx:v:18:y:2011:i:3:p:237-261
    DOI: 10.1080/16081625.2011.9720883
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    References listed on IDEAS

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