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학술저널

The Dynamic Rybczynski Theorem and Its Dual

The Dynamic Rybczynski Theorem and Its Dual

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In the context of capital accumulation, it is shown that there exists a dynamic version of the Rybczynski Theorem, and of the Stolper-Samuelson Theorem. If, in addition, the investment good is labour intensive, then a dynamic reciprocity relation is also obtained. In the case where the investment good is capital intensive, only a weak form of duality between the two theorems can be established. The paper makes use of the dynamic envelope results of Caputo, and of Lafrance and Barney.

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