Lee, Cheng-Te; Wu, Shang-Fen; Fang, Chen - In: Journal of Knowledge Management, Economics and … 3 (2013) 6, pp. 3-3
This paper explores the growth effects of the enlargement of a common market from two to three countries by making use of a three-country equilibrium growth model with heterogeneous labour. We prove that the enlargement will stimulate the backward countries’ economic growth. In addition, we...