This study develops a dynamic Ricardian trade model that incorporates productive infrastructures into the manufacturing sector. The costs of building infrastructures are financed by tax. We investigate the relationship between the timing of opening trade and total welfare. The main results are...

The purpose of this article is to evaluate empirically the classical viability condition for East Asia, Latin America, Sub-Saharan Africa 1980-1995, and advanced countries 1950-1992. The viability condition is proposed by Foley and Michl (1999), and is used for judging empirically which approach...

This paper presents a Kaleckian growth model that incorporates endogenous technological change. The model endogenously determines the rate of capacity utilization, the rate of economic growth, income distribution, and the employment rate in addition to technological change. The paper shows that...

In this paper we develop a small open economy three-sector model of semi-endogenous growth that consists of an agricultural sector, a manufacturing sector and a skill-producing sector, and we analyze the relationship between specialization processes and economic growth. The main results are as...

This paper analyzes the growth rates of two countries and the bilateral income disparity in relation to North-South trade mainly from the viewpoint of the South. We extend a Ricardian trade model with a continuum of goods in order to consider a situation where the South faces the...