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critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all … across the globe independent of trade patterns. It is likely to increase growth rate but that rate declines over time …
Persistent link: https://www.econbiz.de/10012425595
specialization and trade on growth and inequality for a small developing country. Among other results, we show that a small … developing economy grows faster than the rest of the world as a result of global fragmentation and trade in intermediates if it … is skilled-labor scarce. We also address the effects of such trade opening on wage inequality. …
Persistent link: https://www.econbiz.de/10012799706
This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 …
Persistent link: https://www.econbiz.de/10012141106