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| In this paper an international structural growth model is presented to sever as a dynamic analytical tool for international economics. The model is constructed on the basis of behaviors of heterogeneous agents, i.e. households and firms, and comprises the technology adjustment process, exchange process, production process and price adjustment process etc. The model also allows decomposability of commodities. After the establishment of the model, equilibrium is defined and discussed. An equilibrium is defined as a path in which the price vector and technologies are time-invariant. The sufficient and necessary condition for the existence of equilibrium is deduced, that is, there exist equilibria if and only if the excrescent sector subset is empty and the feasible price vector set is nonempty. |
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| Keywords:Structural Growth Model; Multi-sector Economic Model; International Economics; General Equilibrium. |
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