2012•Review of International EconomicsRequires access

An Extended Ricardian Model Incorporating a Consumption Time Constraint

Binh Tran‐Nam

Abstract

Abstract This paper investigates the impact of incorporating a Gossenian−Beckerian consumption time constraint into a simple Ricardian model. It is shown that in such a model the consumption gain from trade is zero, the specialization gain can be negative and a small nation devotes less labor to production after trade.

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Available abstract

Key concepts: Economics, Consumption (sociology), Constraint (computer-aided design), Simple (philosophy), Production (economics), Growth model, Econometrics, Microeconomics