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A Global View of Economic Growth

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  • Jaume Ventura
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    Abstract

    This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade frictions. By comparing the predictions of these models against each other, it is possible to identify a variety of channels through which trade affects the evolution of world income and its geographical distribution. By comparing the predictions of these models against the data, it is also possible to construct coherent explanations of income differences and long-run trends in economic growth.

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    File URL: http://research.barcelonagse.eu/tmp/working_papers/203.pdf
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    Bibliographic Info

    Paper provided by Barcelona Graduate School of Economics in its series Working Papers with number 203.

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    Date of creation: Mar 2005
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    Handle: RePEc:bge:wpaper:203

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    Related research

    Keywords: Economic growth; international trade; globalization;

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    References

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    1. Michael B. Devereux & Beverly J. Lapham, 1993. "The Stability of Economics Integration and Endogenous Growth," Working Papers, Queen's University, Department of Economics 878, Queen's University, Department of Economics.
    2. Ventura, Jaume, 2002. "Bubbles and Capital Flows," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3657, C.E.P.R. Discussion Papers.
    3. Ono, Yoshiyasu & Shibata, Akihisa, 1992. "Spill-over effects of supply-side changes in a two-country economy with capital accumulation," Journal of International Economics, Elsevier, Elsevier, vol. 33(1-2), pages 127-146, August.
    4. Devereux, Michael B. & Saito, Makoto, 1997. "Growth and risk-sharing with incomplete international assets markets," Journal of International Economics, Elsevier, Elsevier, vol. 42(3-4), pages 453-481, May.
    5. Enrico Spolaore & Alberto Alesina & Romain Wacziarg, 2000. "Economic Integration and Political Disintegration," American Economic Review, American Economic Association, American Economic Association, vol. 90(5), pages 1276-1296, December.
    6. Yanagawa, Noriyuki, 1996. "Economic development in a world with many countries," Journal of Development Economics, Elsevier, Elsevier, vol. 49(2), pages 271-288, May.
    7. Fernando A. Broner & Jaume Ventura, 2005. "Managing Financial Integration," Working Papers 201, Barcelona Graduate School of Economics.
    8. Chui, Michael & Levine, Paul & Pearlman, Joseph, 2001. "Winners and losers in a North-South model of growth, innovation and product cycles," Journal of Development Economics, Elsevier, Elsevier, vol. 65(2), pages 333-365, August.
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    Citations

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    Cited by:
    1. Francis Breedon & Th�rarinn G. P�tursson & Andrew K. Rose, 2011. "Exchange Rate Policy in Small Rich Economies," Working Papers, Queen Mary, University of London, School of Economics and Finance 684, Queen Mary, University of London, School of Economics and Finance.
    2. Cavusoglu, Nevin, 2012. "LISREL growth model on direct and indirect effects using cross-country data," Economic Modelling, Elsevier, Elsevier, vol. 29(6), pages 2362-2370.
    3. Antonio Ciccone & Elias Papaioannou, 2005. "Human capital, the structure of production and growth," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 902, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Fadinger, Harald, 2011. "Productivity differences in an interdependent world," Journal of International Economics, Elsevier, Elsevier, vol. 84(2), pages 221-232, July.
    5. Jaume Ventura, 2012. "Comment on "How Do Laffer Curves Differ Across Countries?"," NBER Chapters, National Bureau of Economic Research, Inc, in: Fiscal Policy after the Financial Crisis, pages 249-253 National Bureau of Economic Research, Inc.
    6. Rose, Andrew K., 2006. "Size really doesn't matter: In search of a national scale effect," Journal of the Japanese and International Economies, Elsevier, vol. 20(4), pages 482-507, December.
    7. Andrew K. Rose, 2006. "Size Really Doesn't Matter: In Search of a National Scale Effect," NBER Working Papers 12191, National Bureau of Economic Research, Inc.
    8. Furceri, Davide & Karras, Georgios, 2007. "Country size and business cycle volatility: Scale really matters," Journal of the Japanese and International Economies, Elsevier, vol. 21(4), pages 424-434, December.
    9. Yannis M. Ioannides, 2008. "Intercity Trade and Convergent versus Divergent Urban Growth," Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University 0723, Department of Economics, Tufts University.

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