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The paper integrates two mechanisms of economic growth, barriers to international spillovers and skill - biased effects on the income distribution. South Africa is an interestin g case study because of dramatic changes in international barriers over time and policy focus to productivity and...
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Trade openness influences the wage structure via technology adoption in middle income countries. Given the econometric challenges of handling endogenous trade and technology interaction, we offer an alternative quantification based on calibration of a general equilibrium model. We expand the...
Persistent link: https://www.econbiz.de/10011124012
The relationship between foreign trade openness and growth is a challenge for economic analysis. Econometric approaches struggle with endogeneity of foreign trade and trade policy and endogenous interaction between investment and productivity. We offer an alternative route to identification and...
Persistent link: https://www.econbiz.de/10011124093