Rich and Poor Countries in Neoclassical Trade and Growth
AbstractA neoclassical growth model is used to provide an explanation for a "poverty trap," or "club convergence," in terms of specialization and international trade. The model has a large number of countries with access to identical constant-returns-to-scale technologies for producing and trading three goods using capital and labor.
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Bibliographic InfoPaper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 402.
Length: 41 pages
Date of creation: 1997
Date of revision:
INTERNATIONAL TRADE ; ECONOMIC GROWTH ; DEVELOPING COUNTRIES;
Other versions of this item:
- Deardorff, Alan V, 2001. "Rich and Poor Countries in Neoclassical Trade and Growth," Economic Journal, Royal Economic Society, vol. 111(470), pages 277-94, April.
- F11 - International Economics - - Trade - - - Neoclassical Models of Trade
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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