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The Gains from Trade: An Analysis of Steady-State Solutions in an Open Economy

Trent J. Bertrand

The Quarterly Journal of Economics · 1975 · Volume 89 · Issue 4

DOI: 10.2307/1884692

Abstract

I. The gains from trade, 556. II. Changes in the terms of trade, 558. — III. Open economies following the Golden Rule, 559. — IV. Summary, 562.— Appendix, 563.

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