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Externalities play a central role in most theories of economic growth. We argue that international externalities, in … particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is … that many countries appear to share a common long run growth rate despite persistently different rates of investment in …
Persistent link: https://www.econbiz.de/10014023776
We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through …, growth affects trade, directly through changes in country size and indirectly through altering the incidence of trade costs …. Theory translates into an intuitive econometric system that identifies the causal impact of trade on income and growth, and …
Persistent link: https://www.econbiz.de/10011298529
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German regional data (NUTS 1 level) for GDP, trade, and FDI activity during the period 1976-2005. Applying various … homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth … equation, the empirical results support the hypothesis of export- and FDI-led growth. We also show that for export and outward …
Persistent link: https://www.econbiz.de/10011535894
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This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … threshold is allowed for. Thus, trade generally promotes growth and relatively high inequality retards growth. …
Persistent link: https://www.econbiz.de/10010465444
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'Regional growth and development in Southern Africa', and consider policy options for escaping economic stagnation. The focus is … on South Africa and South African policies yielding relatively quick dividends in terms of growth and taking the rest of …
Persistent link: https://www.econbiz.de/10011775912
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