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Persistent link: https://www.econbiz.de/10001301937
This paper surveys the development of the theory of endogenous growth, with special emphasis on models that deal with the interactions between trade and growth. A unified framework is presented and is shown to contain many models as special cases. International factor mobility is also dealt with...
Persistent link: https://www.econbiz.de/10009755223
Persistent link: https://www.econbiz.de/10013388224
There is growing interest in multisector models that combine aggregate balanced growth, consistent with the well known Kaldor facts, with systematic changes in the sectoral allocation of resources, consistent with the Kuznets facts. Although variations in the income elasticity of demand across...
Persistent link: https://www.econbiz.de/10012010012