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| Author: | Ossella-Durbal, I. |
| Title: | Growth Effects of Free Trade Under Increasing Returns |
| Journal: | Japanese Economic Review
2002 : DEC, VOL.53:4, p. 389-406 |
| Index terms: | ECONOMIC GROWTH ECONOMETRIC MODELS OPEN ECONOMY IMPERFECT COMPETITION FREE TRADE |
| Language: | eng |
| Abstract: | The author addresses the issue of whether trade has a beneficial effect on long-run growth, within the context of a dynamic optimization model where the investment sector exhibits an initial phase of increasing returns. The author argues that in examining the benifits from trade, the paper goes a step beyond qualitatively demonstrating that opening an economy to trade can enable it to escape the poverty trap and enjoy unbounded growth. |
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