complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …

complementary investment in production activities. Our theoretical findings are motivated by existing empirical evidence and a fresh …

intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical … specialization and trade on growth and inequality for a small developing country. Among other results, we show that a small …

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 … countries, 30 industries and 15 years reveals that trade openness in terms of intermediate and capital goods lead to economic …

theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … across the globe independent of trade patterns. It is likely to increase growth rate but that rate declines over time …