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enhance convergence of the growth rates of trading economies. In contrast, reductions in transportation costs of non …
Persistent link: https://www.econbiz.de/10013054015
This article presents a Ricardian model of trade with learning-by-doing to study the effect of barriers to trade in products with low growth potential on the long-run economic growth. The model shows that, when elasticity of demand for the product with a lower learning potential is greater than...
Persistent link: https://www.econbiz.de/10012987335