Growth Effects of International Trade in the Presence of Learning-by-doing Through Intermediate Goods
Author: Byung Ho Song
Publisher:
Published: 1993
Total Pages: 200
ISBN-13:
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Learning by Doing and the Dynamic Effects of International Trade
Author: Alwyn Young
Publisher:
Published: 1991
Total Pages: 41
ISBN-13:
DOWNLOAD EBOOKUsing an endogenous growth model in which learning by doing, although bounded in each good, exhibits spillovers across goods, this paper investigates the dynamic effects of international trade. Examining an LDC and a DC, the latter distinguished by a higher initial level of knowledge, under autarky and free trade, I find that under free trade the LDC (DC) experiences rates of technical progress and GOP growth less than or equal (greater than or equal) to those enjoyed under autarky. Unless the LDC's population is several orders of magnitude greater than that of the DC and the initial technical gap between the two economies is not large, the LDC will be unable to catch up with its trading partner. Hence, in terms of technical progress and growth, the LDC experiences dynamic losses from trade, whilst the DC experiences dynamic gains. However, since technical progress abroad can improve welfare at home, LDC consumers may enjoy - higher intertemporal utility along the free trade path. In the case of DC consumers, as long as their economy is not overtaken by the LDC they will enjoy both more rapid technical progress and the traditional static gains from trade, and hence experience an unambiguous improvement in intertemporal welfare.
Trade and Economic Growth
Author: Julia Martins
Publisher: GRIN Verlag
Published: 2011-06-29
Total Pages: 73
ISBN-13: 3640945956
DOWNLOAD EBOOKBachelor Thesis from the year 2010 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1,0, Vienna University of Economics and Business (Institut für Außenwirtschaft und Entwicklung), language: English, abstract: The following paper relates two of the most important economic phenomena, namely economic growth and international trade. Before analysing the relationship between two economic phenomena in detail, an overview of some of the most prominent empirical empirical studies concerning the relationship between openness to international trade and economic growth in general is provided. As most of them seem to have reached the conclusion that trade influences growth in a positive way, the question for the reasons of this presumably positive relationship arises. Factors which cause or influence economic growth in general as well as various channels through which trade might have an influence on growth are presented in the third and forth section. The importance of various sources of economic and the Solow-Model and the AK-Model are introduced in order to distinguish between long-run and short-run effects of capital accumulation, learning by doing and R&D on economic growth. The remaining analysis concentrates on one channel in particular, namely on how trade determines a country's import and export structure. The importance of the range of products a country produces is enormous and affects economic growth and welfare. The fifth section introduces the static Ricardian model of comparative advantage in order to show how productivity levels dictate the patterns of trade and determine which products a country produces depending on static productivity levels at the time a country opens up to trade. Since productivity levels do, however, not remain constant but are influenced by learning by doing and specialisation, dynamic effects of specialisation on comparative advantage should not be neglected. For this purpose, a model of dynamic comparativ
Introduction to Modern Economic Growth
Author: Daron Acemoglu
Publisher: Princeton University Press
Published: 2008-12-15
Total Pages: 1009
ISBN-13: 1400835771
DOWNLOAD EBOOKIntroduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: http://press.princeton.edu/titles/8970.html. For Professors only: To access a complete solutions manual online, email us at: [email protected]
International Trade
Author: Luis Rivera-Batiz
Publisher: OUP Oxford
Published: 2003
Total Pages: 734
ISBN-13: 9780198297116
DOWNLOAD EBOOKThis title offers an integrated account of strategic trade analysis, combined with empirical evidence and new results. It addresses the need to synthesize and integrate the new advances in a field that has become a key element of policy discussions.
Economic Growth and International Trade with Capital Goods
Author: Rainer Maurer
Publisher:
Published: 1998
Total Pages: 270
ISBN-13:
DOWNLOAD EBOOKThe process of globalization is increasing the integration of all kinds of economic activity. Meanwhile, the international division of labor has reached levels unprecedented in history. The neoclassical theories of international trade predict positive net welfare effects of international economic integration; yet, in so doing, they primarily focus on static welfare effects. Early critics of the "free trade paradigm", like Friedrich List, hold that this focus on static welfare effects is a major shortcoming of these theories. New developments in the theory of economic growth make it possible now to analyze the dramatic effects of international trade on economic development and to develop new theories. In the first part of his book, Maurer derives different sets of conditions necessary for international trade to have a positive or negative effect on economic development. In the second part, he estimates the effects of international trade with capital goods on economic growth: the effect imports of capital goods may have on the transition towards steady state and the effect the international trade with capital goods may have on total factor productivity growth. The results indicate that capital goods imports have a significant positive effect on both sources of economic growth.
A Theory of International Trade
Author: Wei-Bin Zhang
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 204
ISBN-13: 3642181449
DOWNLOAD EBOOKOver more than two centuries the development ofeconomic theory has created a wide array of different concepts, theories, and insights. My recent book Capital and Knowledge (Zhang, 1999a) shows how separate economic theories such as the Marxian economics, the Keynesian economics, the general equilibrium theory, and the neoclassical growth theory can be examined within a single theoretical framework. The Capital and Knowledge constructs an economic theory to account for the phenomena explained by the main economic theories (of national economies) in a unified manner. It tries to draw together the disparate branches of economics into a single organized system ofknowledge. This book is a part of my economic theory with endogenous population, capital, knowledge, preferences, sexual division of labor and consumption, institutions, economic structures and exchange values over time and space (Zhang, 1996a). As an extension of the Capital and Knowledge, which is focused on the dynamics of national economies, this book is to construct a theory of international trade. We are concerned with dynamic relations between international division of labor, division of consumption and determination of prices structure in global economy. We examine dynamic interdependence between capital accumulation, knowledge creation and utilization, economic growth, price structures and international trade patterns under free competition. Our theory is constructed on the basis of a few concepts within a compact framework.
Economic Growth with Income and Wealth Distribution
Author: W. Zhang
Publisher: Springer
Published: 2006-06-28
Total Pages: 461
ISBN-13: 023050633X
DOWNLOAD EBOOKThe book deals with economic issues related to income and wealth among individuals, regions and countries. It presents a general theory with endogenous capital, knowledge and preference changes for an economic system with heterogeneous households, multiple sectors, multiple regions and multiple countries.
The Mechanism Whereby Trade Influences Growth
Author: Haiying Zhao
Publisher:
Published: 1994
Total Pages: 32
ISBN-13:
DOWNLOAD EBOOKAnalytical Political Economy
Author: Roberto Veneziani
Publisher: John Wiley & Sons
Published: 2018-06-11
Total Pages: 402
ISBN-13: 1119483360
DOWNLOAD EBOOKOffering a unique picture of recent developments in a range of non-conventional theoretical approaches in economics, this book introduces readers to the study of Analytical Political Economy and the changes within the subject. Includes a wide range of topics and theoretical approaches that are critically and thoroughly reviewed Contributions within the book are written according to the highest standards of rigor and clarity that characterize academic work Provides comprehensive and well-organized surveys of cutting-edge empirical and theoretical work covering an exceptionally wide range of areas and fields Topics include macroeconomic theories of growth and distribution; agent-based and stock-flow consistent models; financialization and Marxian price and value theory Investigates exploitation theory; trade theory; the role of expectations and ‘animal spirits’ on macroeconomic performance as well as empirical research in Marxian economics
