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International Trade And Growth: An Overview From The Perspective Of The New Growth Theory

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Author Info
Roe, Terry
Mohtadi, Hamid

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Abstract

The role of international trade in the new growth theory is investigated from several perspectives. Following a historical outline and a brief analytical sketch of the R&D based models, the results from fitting three structural models to data are presented. Results show the relative impacts on growth from trade and R&D based policies including technological spillovers from trade. The mechanism of inter-sectoral adjustments to the long-run growth path are also discussed. Results from selected econometric studies are reviewed. With emphasis on agriculture, this includes evidence of technological spillovers from trade, the effect of R&D expenditures on growth in total factor productivity, and the extent to which the stock of technological knowledge is accessible by others.

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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number 21536.

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Date of creation: 1999
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Handle: RePEc:ags:aaea99:21536

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Related research
Keywords: Endogenous Growth; Trade; Technological Spillovers; International Relations/Trade;

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    Other versions:
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  17. Martin, Will & Mitra, Devashish, 1999. "Productivity growth and convergence in agriculture and manufacturing," Policy Research Working Paper Series 2171, The World Bank. [Downloadable!]
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    Other versions:
  19. Diao, X. & Elbasha, E.H. & Roe, Terry L. & Yeldan, E., 1996. "A Dynamic CGE Model: An Application of R&D- Based Endogenous Growth Model Theory," Bulletins 7461, University of Minnesota, Economic Development Center. [Downloadable!]
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