Showing 1 - 10 of 59
We discuss the role of contracting impediments created by the existence of national borders on open economy growth. In … a two-good neoclassical Ramsey growth model with lack of enforcement on international trade contracts we show that … many researchers believe, international trade affects growth by increasing investment rates. The model provides a new …
Persistent link: https://www.econbiz.de/10005481995
Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for …
Persistent link: https://www.econbiz.de/10005482003
The relationship between foreign trade openness and growth is a challenge for economic analysis. Econometric approaches … growth model. The model is designed to reproduce the changing openness in South Africa 1960-2005. Productivity growth is … equivalent, and the counterfactual elimination of the tariff equivalent shows large potential for GDP growth. According to our …
Persistent link: https://www.econbiz.de/10011124093
Trade is shown to increase economic growth purely through comparative advantage without recourse to scale effects …, technology transfer, research and development, or even international investment. The resulting growth rates are those that would … result from technology transfer, even though no technology transfer actually occurs. A balanced growth rate exists, is …
Persistent link: https://www.econbiz.de/10005650450
The present work encloses an analysis related to the channels through which income inequality affects economic growth … and another related to the sources of economic growth. In the first, we use two-stage estimation with fixed effects … finding that the fiscal effects of inequality on growth may depend on the government expenditure covariate. Secondly, we …
Persistent link: https://www.econbiz.de/10005650466
This paper examines the time path of consumption and asset ownership in a small open economy. Productive physical capital is borrowed when limited liability firms write debt contracts with foreign lenders. We study three lending regimes and find that when contracts favor domestic agents over...
Persistent link: https://www.econbiz.de/10005481984
in migration patterns for the growth and distribution of world income and population using a model with endogenous … poverty and increasing world growth. …
Persistent link: https://www.econbiz.de/10005063384
novelty requirement and its effect on growth an trade. I consider a world economy with ongoing innovation in two regions. The … to be a useable instrument to promote innovation and growth, and also a strategic trade policy instrument. I numerically …
Persistent link: https://www.econbiz.de/10005063386
This paper studies how the effect of trade openness on economic growth depends on complementary reforms that help a … panel evidence on how the growth effect of openness depends on a variety of structural characteristics. For this purpose, we … use a non-linear growth regression specification that interacts a proxy of trade openness with proxies of educational …
Persistent link: https://www.econbiz.de/10005063390
requirement and its effect on growth and trade. We consider a world economy with ongoing innovation in two regions. The North is … stands to be a useable instrument to promote innovation and growth, and also a strategic trade policy instrument. We …
Persistent link: https://www.econbiz.de/10005650442