| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1170 |
| DP1170 Regional Insurance Against Asymmetric Shocks. An Empirical Study for the European Community | |
| Jurgen von Hagen; George Hammond | |
| 发表日期 | 1995-05-31 |
| 出版年 | 1995 |
| 语种 | 英语 |
| 摘要 | What is the impact of movement towards free trade on output? Can this impact permanently affect output levels, and more importantly, will it have an impact on steady-state growth rates? This paper provides empirical evidence showing how countries have exhibited substantial increases in their growth rates over the past century while concurrently increasing the extent of their trade. The model developed here emphasizes the role that knowledge spillovers emanating from heightened trade can have on long-run growth rates. Among the results of the model, unilateral liberalization by one country will generate a positive impact on the steady-state growth of all its partners while at the same time inducing a level effect on the liberalizing country that reduces the income gap between it and other, wealthier, countries. In some cases, the liberalizing country may even leapfrog over initially wealthier countries. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Economic growth International trade Knowledge diffusion Trade liberalization |
| URL | https://cepr.org/publications/dp1170 |
| 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/530313 |
| 推荐引用方式 GB/T 7714 | Jurgen von Hagen,George Hammond. DP1170 Regional Insurance Against Asymmetric Shocks. An Empirical Study for the European Community. 1995. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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