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Tekijä: | Mountford, A. |
Otsikko: | Trade dynamics and endogenous growth: an overlapping- generations analysis |
Lehti: | Economica
1999 : MAY, VOL. 66:262, p. 209-224 |
Asiasana: | ECONOMICS TRADE ENDOGENOUS VARIABLES |
Kieli: | eng |
Tiivistelmä: | This paper examines the dynamic implications of international trade in a two-sector overlapping-generations economy with endogenous growth. It analyses the global dynamics of this model for both a closed economy and a two-country world economy. It shows how international trade can cause the world economy to sort itself out into groups of fast and slow-growing economies and can also cause one country to catch up and overtake another's growth rate. |
SCIMA