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Identifier to cite or link to this item: https://hdl.handle.net/10086/28087

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Title
Globalisation and Inequality : A Dynamic General Equilibrium Model of Unequal Exchange
Creator
Creator Name
Veneziani, Roberto Veneziani, Roberto
Affiliation
Affiliation Name
Queen Mary University of London
Creator Name
Yoshihara, Naoki Yoshihara, Naoki
吉原, 直毅 吉原, 直毅
Affiliation
Affiliation Name
University of Massachusetts Amherst
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
Institute of Economic Research, Hitotsubashi University
Key Word
Exploitation
classes
unequal exchange
international economy
JEL
D63
F02
B51
Abstract
A dynamic general equilibrium model that generalises Roemer's [23] economy with a global capital market is analysed. An axiomatic analysis of the concept of unequal exchange (UE) between countries is developed at general dynamic equilibria. The class of UE definitions that satisfy three fundamental properties - including a correspondence between wealth, class and UE exploitation status - is completely characterised. It is shown that this class is nonempty and a definition of UE exploitation between countries is proposed, which is theoretically robust and firmly anchored to empirically observable data. The full class and UE exploitation structure of the international economy is derived in equilibrium.
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2016-08
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series. A ; No. 647
NCID
AA11476336
Number of Pages
37
Appears in Collections
Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL
https://hdl.handle.net/10086/28087