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Public Infrastructure Strategically Supplied by Governments and Trade in a Ricardian Economy

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Please use this identifier to cite or link to this item:http://hdl.handle.net/2115/86984

Title: Public Infrastructure Strategically Supplied by Governments and Trade in a Ricardian Economy
Authors: Suga, Nobuhito Browse this author →KAKEN DB
Tawada, Makoto Browse this author →KAKEN DB
Yanase, Akihiko Browse this author →KAKEN DB
Keywords: Public infrastructure
Nash equilibrium
comparative advantage
Ricardian economy
Issue Date: 10-Sep-2022
Publisher: Sage Publications India
Journal Title: Foreign Trade Review
Volume: 58
Issue: 1
Start Page: 68
End Page: 99
Publisher DOI: 10.1177/00157325221119043
Abstract: In a simple two-country Ricardian economy with public infrastructures, we consider a simultaneous and non-cooperate game between governments with respect to public infrastructure supply. Then it is shown that a country with larger (smaller) factor endowment exports a good whose production is more (less) dependent on public infrastructures, and both countries will gain from trade as long as factor endowment differs between countries. However, the following special features appear. (i) Any incompletely specialising country produces two goods at an inner point of the production possibility set. (ii) If factor endowment is the same between countries, the trading equilibrium is attained by the pattern of specialisation such that each country specialises in one good different from each other and both countries become better off. Which country specialises in which good is indeterminate. The result shows a typical case of symmetric breaking.
Rights: Nobuhito Suga, Makoto Tawada and Akihiko Yanase, Public Infrastructure Strategically Supplied by Governments and Trade in a Ricardian Economy, Foreign Trade Review Volume 58, Issue 1 pp.68-99. Copyright © 2022 Indian Institute of Foreign Trade. DOI: 10.1177/00157325221119043.
Type: article (author version)
URI: http://hdl.handle.net/2115/86984
Appears in Collections:公共政策学教育部・公共政策学連携研究部 (Graduate School of Public Policy / Faculty of Public Policy) > 雑誌発表論文等 (Peer-reviewed Journal Articles, etc)

Submitter: 須賀 宣仁

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