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There is a generally held belief that an expansion of the exports sector in a country would usually lead to an improved economic growth. However, a survey of the literature indicates that a great variety of techniques, data sets and country groups have been employed in empirical assessments of...
Persistent link: https://www.econbiz.de/10011213122
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10005666914
This paper develops a growth theory that accounts for the evolution of trade policy, underlying internal class conflicts, and global income divergence over the last few centuries. By analyzing political responses to the distributional effects of international trade, this paper finds a prominent...
Persistent link: https://www.econbiz.de/10005697743
This paper builds a small-open-economy, non-scale-growth model with negative population growth and investigates the relationship between trade patterns and per capita consumption growth. Under free trade, if the population growth rate is negative and its absolute value is small, the home country...
Persistent link: https://www.econbiz.de/10010703441
This paper builds a two-country, two-sector, non-scale growth model and investigates the relationship between trade patterns and the growth rate of per capita real consumption. We consider negative population growth as well as positive population growth. We show that, as long as the population...
Persistent link: https://www.econbiz.de/10010703445
This paper builds a two-country, two-sector (manufacturing and agriculture), non-scale growth model and investigates the relationship between trade patterns and the growth rate of per capita real consumption. If the population growth rate of the home country is higher than that of the foreign...
Persistent link: https://www.econbiz.de/10010717422
This paper investigates the relationship between trade and economic development using a two-country, non-scale-growth model. Depending on the share of the expenditure for manufactured goods, we obtain two dierent results with regard to long-run production patterns. If the share of the...
Persistent link: https://www.econbiz.de/10010717443
This paper contrasts the poor performance of African economies over the past 30 years with the remarkable development of East Asian newly industrialized countries. It provides evidence that the lack of diversification, stemming from the adoption of inward-looking strategies, interventionist...
Persistent link: https://www.econbiz.de/10011184600
Are open economies characterized by superior economic performance in the long-run? This paper revisits this important question from the point of the view of unified growth theory. Contrary to other recent attempts to study this question, the paper considers two distinct channels through which...
Persistent link: https://www.econbiz.de/10011124125
This paper develops a growth theory that accounts for the evolution of trade policy, underlying internal class conflicts, and global income divergence over the last few centuries. By analyzing political responses to the distributional effects of international trade, this paper finds a prominent...
Persistent link: https://www.econbiz.de/10005118700