Rich and Poor Countries in Neoclassical Trade and Growth.

A neoclassical growth model is used to provide an explanation for a "poverty trap," or "club convergence," in terms of specialization and international trade. The model has a large number of countries with access to identical constant-returns-to-scale technologies for producing and trading three goods using capital and labor.

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Year of publication:	1997
Authors:	Deardorff, A.V.
Institutions:	Research Seminar in International Economics, University of Michigan
Subject:	INTERNATIONAL TRADE \| ECONOMIC GROWTH \| DEVELOPING COUNTRIES

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	41 pages
Classification:	F11 - Neoclassical Models of Trade ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005734416