Learning by Doing and the Dynamic Effects of International Trade

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ID: 294518
1991
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Abstract
Using 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 the interaction of an LDC and a DC, the latter distinguished by a higher initial level of knowledge, I find that under free trade the LDC (DC) experiences rates of technical progress and GDP growth less than or equal (greater than or equal) to those enjoyed under autarky. Since both countries enjoy the usual static gains from trade, free trade may, nevertheless, improve the welfare of LDC consumers.
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openalex_W3122215506 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Alwyn Young
Journal the quarterly journal of economics
Year 1991
DOI
10.2307/2937942
URL
Keywords Keywords not found

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