The purpose of this paper is to propose a model where trade has a direct and positive impact on growth rate of two … zones and show how trade can increase the equilibrium optimal rate of growth. In this structure the trade impact goes beyond … the level effect and directly causes growth. Typically standard models of trade cannot generate an automatic growth impact …

The purpose of this paper is to propose a model where trade has a direct and positive impact on growth rate of two … zones and show how trade can increase the equilibrium optimal rate of growth. In this structure the trade impact goes beyond … the level effect and directly causes growth. Typically standard models of trade cannot generate an automatic growth impact …

their optimal size and maximize national welfare. Such a policy internalizes the possibility of repatriation and …

derived based on a mechanism significantly different from the standard Ramsey-Cass-Koopmans optimal growth framework. We also … nullified in the dynamic setting. In fact, trade liberalization is Pareto improving along the balanced growth path. …

derived based on a mechanism significantly different from the standard Ramsey-Cass-Koopmans optimal growth framework. We also … nullified in the dynamic setting. In fact, trade liberalization is Pareto improving along the balanced growth path. …

derived based on a mechanism significantly different from the standard Ramsey-Cass-Koopmans optimal growth framework. We also … nullified in the dynamic setting. In fact, trade liberalization is Pareto improving along the balanced growth path …