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Mitsuyoshi Yanagihara |
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''The strong transfer paradox in an overlapping generations framework'' |
( 2006, Vol. 6 No.3 ) |
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It is shown that in an overlapping generations model, a strong transfer paradox occurs through permanent transfer in a dynamically efficient region because of international capital mobility. A graphical explanation is also provided to show how the strong paradox arises. |
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Keywords: |
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General O1 - Economic Development: General |
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Manuscript Received : Nov 02 2005 | | Manuscript Accepted : Feb 21 2006 |
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