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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP667 |
DP667 Growth in Open Economies | |
Sérgio Rebelo | |
发表日期 | 1992-06-30 |
出版年 | 1992 |
语种 | 英语 |
摘要 | This paper provides a survey of recent growth models that attempt to explain the cross-country diversity in rates of economic growth. It shows that these models can only generate differences in growth rates in the absence of international capital markets. With free international capital mobility they imply that the growth rate of consumption and GNP would be quickly equalized all over the world. This paper describes a simple modification of standard preferences that eliminates this implausible growth-equalization result and is consistent with the fact that the savings rate is lower in poor countries than in rich countries. |
主题 | International Macroeconomics |
关键词 | Growth Open economy Savings rate |
URL | https://cepr.org/publications/dp667 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529826 |
推荐引用方式 GB/T 7714 | Sérgio Rebelo. DP667 Growth in Open Economies. 1992. |
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