| Tekijä: | Baldwin, R. Forslid, R. |
| Otsikko: | Trade liberalisation and endogenous growth: a q-theory approach |
| Lehti: | American Economic Review
2000 : APR, VOL. 50:2, p. 497-518 |
| Asiasana: | TRADE GROWTH THEORIES |
| Kieli: | eng |
| Tiivistelmä: | This paper introduces a new approach to the analysis of endogenous growth effects and uses it to illustrate two novel trade-and-growth links. The approach's simplicity allows us to introduce scale economies and imperfect competition into the R&D and financial intermediation sectors of a Romer-Grossman-Helpman endogenous growth model. The authors show that trade liberalization can stimulate growth via a procompetitive effect in the R&D sector and/or financial sector. |
SCIMA