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The theoretical literature on endogenous growth and international trade suggests that comparative advantage is endogenous. Sector-specific learning by doing and technology transfer respectively provide reasons why initial patterns of international specialization may persist or exhibit mobility...
Persistent link: https://www.econbiz.de/10005067579
Theoretical models of growth and trade suggest that patterns of international specialisation are inherently dynamic and evolve endogenously over time. Initial comparative advantages are either reinforced or gradually unwound with the passage of time. This paper put forward an empirical framework...
Persistent link: https://www.econbiz.de/10010820330
Persistent link: https://www.econbiz.de/10010382741
This paper compares the international trade pattern of Portugal with the other three EU15 Cohesion countries - Spain, Greece and Ireland - over the last forty years. The paper adopts a fact-finding approach, investigating the degree of openness of these economies and making extensive use of the...
Persistent link: https://www.econbiz.de/10005790455
How has the process of international economic integration advanced over the last four decades? How will the foreseeable future look like? We attempt to answer this sort of questions by considering some methods which have scarcely been used in the literature on globalization. First, we consider a...
Persistent link: https://www.econbiz.de/10005026637
The theoretical literature on trade and growth suggests that comparative advantage is endogenous and evolves over time. However, most of the empirical analysis of international trade flows is essentially static in nature. This paper proposes an empirical model of the dynamics of international...
Persistent link: https://www.econbiz.de/10005504676
We analyze the relative growth performance of open economies in a two-country model where different endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for final manufacturing goods produced by a resource-poor economy....
Persistent link: https://www.econbiz.de/10011753188
We analyze the relative growth performance of open economies in a two-country model where different endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for final manufacturing goods produced by a resource-poor economy....
Persistent link: https://www.econbiz.de/10008746491
We analyze the relative growth performance of open economies in a two-country model where different endowments of labor and a natural resource generate asymmetric trade. A resource-rich economy trades resource-based intermediates for final manufacturing goods produced by a resource-poor economy....
Persistent link: https://www.econbiz.de/10008541582
Persistent link: https://www.econbiz.de/10005607340