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 … growth. Openness in terms of final consumer goods turns out to be insignificant in most specifications. We also estimate …

specialization and trade on growth and inequality for a small developing country. Among other results, we show that a small … intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical … is skilled-labor scarce. We also address the effects of such trade opening on wage inequality. …

In this paper we analyze an endogeneous growth model with human capital that results from public educational spending … balanced budget policy and the policy with a slightly growing public debt are equivalent as concerns long-run economic growth …. Further, those two rules yield higher growth than a debt policy where public debt grows at the same rate as GDP, unless the …

In this article we present an endogenous growth model with productive public investment in infrastructure capital … demonstrate that there exists a unique balanced growth path which is a saddle point. Then, we study growth and welfare effects of … fiscal policy along the balanced growth path. In particular, we derive the growth maximizing income tax rate and study how …