Lee, Cheng-te; Fang, Chen; Kuo, Kuo-hsing - In: Economics Bulletin 34 (2014) 1, pp. 480-493
We set up a two-sector equilibrium growth model with heterogeneous labor to analyze the impact of the creation of common market on the member countries' growth rate. We show that the economic integration will stimulate the backward country's economic growth. In addition, we prove that whether...