G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w5582
来源IDWorking Paper 5582
Trade-Induced Investment-led Growth
Richard E. Baldwin; Elena Seghezza
发表日期1996-05-01
出版年1996
语种英语
摘要This paper presents five theoretical openness-and-growth links that can account for trade-induced investment-led growth. The links are all demonstrated with neoclassical growth models developed in the context of trade models that allow for imperfect competition and scale economies. This sort of old-growth-theory-in-a-new-trade-model has not been thoroughly explored in the literature since the profession skipped from old-growth-old-trade models straight to new-growth-new- trade models. Nonetheless, such models are necessary to explain several key aspects of the econometric evidence on trade and growth. For example, cross-country data suggests that openness influences growth only via its effect on investment, and suggests that openness promotes investment in all countries whatever the capital-intensive of their exports (contrary to predictions of the old-growth-old-trade models).
主题International Economics ; International Macroeconomics ; Trade
URLhttps://www.nber.org/papers/w5582
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/563056
推荐引用方式
GB/T 7714
Richard E. Baldwin,Elena Seghezza. Trade-Induced Investment-led Growth. 1996.
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