This paper derives three main results. First, learning by doing is sufficient to generate endogenous growth under Ricardo-Viner production technology. One implication of this result is that policy has a role when agents do not internalize the dynamic gains from learning. Second, trade is...

This paper uses historical annual data for twenty-seven years from 1968-69 on eight two-digit ANZSIC industries to assess the impact of the changes in industry assistance on economic efficiency. The empirical analysis shows that a 1 percent decline in the nominal rate of assistance leads to...