; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo?"; ; "batchuser@example.com"; "Baxter, Marianne, 1956-"; "Federal Reserve Bank of Minneapolis"; "F47 - Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation: Models and Applications", "F11 - Neoclassical Models of Trade"; "This paper develops a two-sector neoclassical model of international trade with endogenous capital accumulation and intertemporal optimization. In contrast to the traditional “2x2x2” model, there is a Ricardian implication that countries specialize according to comparative advantage. Consequently, the theory predicts that government expenditure policies are unlikely to affect the established pattern of specialization and trade, but that changes in tax policies can result in a dramatic reorganization of world production. Further, the dynamic “2x2x2” model can explain many of the salient features of international trade that are problematic for the standard Heckscher-Ohlin-Samuelson model. "^^; "1991-12-01"; "2019-05-21T18:31:09.005919546+00:00"^^; "https://doi.org/10.21034/dp.56"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Apr 22 16:47:11 2020"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "57"; "Discussion paper (Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics)"; "056"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Institute for Empirical Macroeconomics"; "Published in: _Journal of Political Economy_ (Vol. 100, No. 4, August 1992, pp. 713-744) https://doi.org/10.1086/261837."^^; ; "Publication" . ; .