The Terms of Trade, Investment and the Current Account

  • Murphy R
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Abstract

Small open economy, perfect foresight, traded/non-trade goods,export sector caital intensive. Labour fixed. Perfectcompetetion, profit maximization, facotr market clearing,relative price of non-traded goods in terms of export good:

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APA

Murphy, R. G. (1992). The Terms of Trade, Investment and the Current Account. Journal of Economic Integration, 7(1), 58–22. https://doi.org/10.11130/jei.1992.7.1.58

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