Showing 1 - 10 of 662
According to the Washington Consensus, developing countries’ growth would benefit from a reduction in tariffs and other … barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If … treatment, liberalizing tariffs on imported capital and intermediate goods, did lead to faster GDP growth, and by a margin …
Persistent link: https://www.econbiz.de/10005666812
towards investment in education and growth in output per capita, a significant portion of the gains from trade in non …-industrial nations was channelled towards population growth. …
Persistent link: https://www.econbiz.de/10005124051
sustained differences in population growth and income levels across countries. In industrial economies international trade …
Persistent link: https://www.econbiz.de/10005136437
output and achieve growth through extreme specialization in response to shifting comparative advantage. …
Persistent link: https://www.econbiz.de/10005497925
gains from trade have been directed towards investment in education and growth in income per capita, whereas a significant … portion of these gains in less developed economies have been channelled towards population growth. Cross-country regressions …
Persistent link: https://www.econbiz.de/10005114289
trade in explaining British living standards or growth rates. We construct a three-region model of the world in which … contrast is robust to a large range of parameter perturbations. Biased technological change and population growth were key in …
Persistent link: https://www.econbiz.de/10011083876
the context of two partial equilibrium endogenous growth models. In our first model, the scale of fickle outside … investment funds traces out a mean-variance tradeoff for the growth rate of the economy. In particular, the volatility of these … regulation of outside investment may increase growth. Our second model involves increasing returns and multiple equilibria. In …
Persistent link: https://www.econbiz.de/10005661544
The neoclassical growth model accords with empirical evidence on convergence if capital is viewed broadly to include …
Persistent link: https://www.econbiz.de/10005666787
In this paper, we develop a North-South endogenous growth model to examine three phases of development in the South …: imitation of Northern products; imitation and innovation; and finally, innovation only. In particular, the model has the …. First, because subsidies to Southern innovation benefit the North as well, it is beneficial to the North to pay for some of …
Persistent link: https://www.econbiz.de/10005124314
This paper constructs a two-region endogenous growth model, where economic geography and public infrastructures play a … key role. The model allows us to analyse the contribution of different types of redistributive public policies on growth … inside the richest region increases spatial concentration of industries, increases the growth rate, and decreases the gap in …
Persistent link: https://www.econbiz.de/10005136400