Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model

A preliminary version of this paper with the title "On Dynamic Heckscher-Ohlin Models II: Infinitely-Lived Consumers" was circulated in January 2003. We are grateful for helpful comments from participants in conferences and seminars at the 2003 American Economic Association Meeting, the Universidad Carlos III de Madrid, the University of Pennsylvania, the International Monetary Fund, the Centre de Recerca en Economia del Benestar, the Instituto Autonomo Tecnologico de Mexico, the 2004 CNB/CERGE-EI Macro Workshop in Prague, the Universitat Pompeu Fabra, Stanford University, the University of Texas at Austin, and the Banco de Portugal. We also thank Joann Bangs and Jaume Ventura for helpful discussions. Kehoe thanks the National Science Foundation for support. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.