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-proportions trade vi) the world trade-to-output ratio increases over time. I argue that standard economic theories ignore the vast …
Persistent link: https://www.econbiz.de/10011742669
two-sector growth model, the Oniki-Uzawa trade model, and the neoclassical growth models in environmental economics. The …, economic structure, domestic and global division of labor, international trade and environmental change with transboundary … system. Our analysis provides some insights into the complexity of global economic growth with environment. For instance, the …
Persistent link: https://www.econbiz.de/10010470656
Persistent link: https://www.econbiz.de/10010399414
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
Persistent link: https://www.econbiz.de/10011298539
overemphasized. Many studies have shown a strong positive impact of trade on economic growth across developed and the emerging market …. However, very little is known about the simultaneous effect of trade and investment on growth in SSA when institutional … control variables are introduced in the model. Therefore, this study examines the role of trade and investment in the growth …
Persistent link: https://www.econbiz.de/10012023952
growth. To do the analysis, I introduce international trade into a neoclassical growth model with two sectors, agriculture …This paper examines the effects of international trade in agricultural goods on structural transformation and economic … trade can accelerate this transition for countries with low agricultural productivity because it allows them to import food …
Persistent link: https://www.econbiz.de/10013112449
trade improve. An improvement in the terms of trade is similar to a technological progress. The national accounts treat the … two phenomena very unevenly, however, with a change in the terms of trade considered to be a price event and thus not … account by real GDP either. Given its extreme openness and in view of the massive terms-of-trade improvements that it has …
Persistent link: https://www.econbiz.de/10012729381
This article presents a Ricardian model of trade with learning-by-doing to study the effect of barriers to trade in … products with low growth potential on the long-run economic growth. The model shows that, when elasticity of demand for the … the product with a higher learning potential, thus enhancing growth in the exporter economy. Therefore, although with some …
Persistent link: https://www.econbiz.de/10012987335
This paper identifies the major factors explaining GDP growth in a number of South-East Asian countries during the … capital, movements in the terms of trade, and changes in domestic output prices are reported for Hong Kong, Japan, South Korea …
Persistent link: https://www.econbiz.de/10014220071
We develop a tractable growth model to study the dynamic macroeconomic effects of multinational production (MP) across … contribute to the local stock of knowledge. We incorporate idea diffusion into a quantitative framework of trade and MP. The … model yields tractable expressions for bilateral MP flows, trade flows, and the dynamics of technology that we use in our …
Persistent link: https://www.econbiz.de/10014235704