We study a model where economic growth is fueled by public basic-research investment and the importation of leading … benefits of stimulating growth through both channels. We establish the existence of steady states and the long-run share of … technologically advanced sectors in the economy. Then, we explore how different degrees of openness affect long-term incentives to …

differs tremendously across developing countries. We discuss several factors such as capital accumulation, openness to trade … and foreign indebtedness which may explain the varying experience with globalization in regard to per capita income growth …

. The study confirms that free trade has a significant positive impact on the growth of real income per capita in static and …

On the occasion of the 25th anniversary of the WTO, this paper re-estimates the impact of WTO accession on growth … domestic reforms. Tang and Wei (2009) showed that there is in fact a positive effect of WTO on growth also during the period of … acceded countries. We find that WTO accession is associated with a significant positive increase in GDP growth. This effect is …

We augment a Schumpeterian growth model with a public basic-research sector to examine how much a country should invest … in basic research. We find that the closer the country is to the world’s technological frontier the more the government … should invest in basic research. Basic-research expenditures are increasing with a country’s degree of openness as long as …