Global Income Divergence, Trade and Industrialisation: The Geography of Growth Take-Offs

This paper takes a step towards formalizing the theoretical interconnections among four post-Indutrial Revolution phenomena - the industrialization and growth take-off of rich 'northern' nations, massive global income divergence, and rapid trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and all are triggered by s gradual fall in the cost of doing business internationally.

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Year of publication:	1998
Authors:	Baldwin, R.E. ; Martin, P. ; Ottaviano, G.I.P.
Institutions:	Institutet för Näringslivsforskning (IFN)
Subject:	GEOGRAPHY \| TRADE \| ECONOMIC GROWTH

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Series:	Research Institute of Industrial Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	39 pages
Classification:	F43 - Economic Growth of Open Economies ; F01 - Global Outlook ; O19 - International Linkages to Development; Role of International Organizations ; N13 - Europe: Pre-1913
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005639328