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Multi-Country Endogenous Growth Models

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  • Arnold, Lutz G.

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Abstract

The transitional dynamics of open-economy endogenous growth models are largely unexplored. The present paper fills this gap in the literature. By applying the familiar Dixit-Norman (1980) approach to a general class of growth models, it provides original results on the transitional dynamics of the multi-country open-economy versions of several prominent special cases, including the models of Romer (1986, 1990), Lucas (1988), Grossman and Helpman (1991a, Chapters 3 and 4, 1991b), Jones (1995a), and Segerstrom (1998). This approach also shows that, in the class of models considered, the question of whether or not international economic integration accelerates growth in the long run is equivalent to the question of whether or not scale effects prevail. Das dynamische Verhalten der Offene-Volkswirtschaft-Versionen der meisten Modelle endogenen Wachstums ist weitgehend unbekannt. Diese Lücke in der Literatur füllt die vorliegende Arbeit. Durch die Anwendung des wohlbekannten Dixit-Norman- (1980) Ansatzes wird das dynamische Verhalten einer Klasse von Wachstumsmodellen beschrieben, die die bekannten Modelle von Romer (1986, 1990), Lucas (1988), Grossman und Helpman (1991a, Kapitel 3 and 4, 1991b), Jones (1995a) und Segerstrom (1998) als Spezialfälle umfasst. Die Analyse zeigt darüber hinaus, dass die Frage, ob ökonomische Integration auf lange Sicht das Wachstum beschleunigt, gleichbedeutend zur Frage ist, ob die Ökonomie "Größeneffekte" aufweist.

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Bibliographic Info

Paper provided by University of Regensburg, Department of Economics in its series University of Regensburg Working Papers in Business, Economics and Management Information Systems with number 404.

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Date of creation: 2005
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Handle: RePEc:bay:rdwiwi:477

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Keywords: Reale Außenwirtschaftstheorie ; Endogenes Wirtschaftswachstum; ; international trade ; endogenous growth;

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