Multi-Country Endogenous Growth Models

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Multi-Country Endogenous Growth Models

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Arnold, Lutz G.

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Lutz Georg Arnold

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.

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Paper provided by University of Regensburg, Department of Economics in its series Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft with number 404.

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Date of creation: 01 Mar 2005
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Handle: RePEc:bay:rdwiwi:477

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Find related papers by JEL classification:
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
F15 - International Economics - - Trade - - - Economic Integration
F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies

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Kornprobst, Wolfgang, 2006. "Das Romer-Modell mit qualitätsverbesserndem technischen Fortschritt," Regensburger DiskussionsbeitrÃ¤ge zur Wirtschaftswissenschaft 412, University of Regensburg, Department of Economics. [Downloadable!]

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