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The dynamics of economic integration : theory and policy

Bretschger, Lucas; Steger, Thomas M. - 2004

Integration affects economic growth mainly through two different channels : The scale-effect channel and the factor-reallocation channel. In order to investigate both channels within a unifying framework, we employ a simple descriptive growth model. The scale-effect channel increases either the...

Persistent link: https://www.econbiz.de/10002240338