| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1397 |
| DP1397 Trade Liberalization and Endogenous Growth: A q-Theory Approach | |
| Richard Baldwin; Rikard Forslid | |
| 发表日期 | 1996-05-31 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | This paper has two purposes. It introduces a direct approach to policy analysis in endogenous growth models - the q-theory approach - and uses this to illustrate several new openness-and-growth links that appear when we enrich the economic content of the early trade and growth models. The approach - inspired by Tobin's q - is merely a change of state variables and re-interpretation of steady-state conditions. The main difference is its focus on investment, which is after all, the heart of growth models. The approach's simplicity permits us to complicate the early models in interesting directions and to explicitly include trade barriers. The latter allows study of incremental policy reform rather than mere shifts from autarky to free trade (or small deviations from free trade) as in the early literature. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Endogenous growth Tobin's q Trade liberalization |
| URL | https://cepr.org/publications/dp1397 |
| 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/530540 |
| 推荐引用方式 GB/T 7714 | Richard Baldwin,Rikard Forslid. DP1397 Trade Liberalization and Endogenous Growth: A q-Theory Approach. 1996. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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