Diverging Populations and Endogenous Growth in a Model of Meaningless Trade
AbstractThe endogenous growth literature raises the possibility that countries may grow without bound in terms of per capita income, and that they may do so at different rates. This possibility also exists in neoclassical growth models with diverging populations - populations that grow at different rates. In both cases, however, this means that international inequality of per capita incomes will not only exist but also get worse over time. This paper examines that possibility within a very simple one-sector model that allows for both diverging populations and endogenous growth. The model also allows for "meaningless" trade and international direct investment, in the sense that these occur at random across countries when traders and investors are indifferent among locations.
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Bibliographic InfoPaper provided by Research Seminar in International Economics, University of Michigan in its series Working Papers with number 421.
Length: 37 pages
Date of creation: 1997
Date of revision:
ECONOMIC GROWTH ; POPULATION ; INCOME;
Other versions of this item:
- Deardorff, Alan V, 1999. "Diverging Populations and Endogenous Growth in a Model of Meaningless Trade," Review of International Economics, Wiley Blackwell, vol. 7(3), pages 359-77, August.
- Deardorff, A.V., 1997. "Diverging Population and Endogenous Growth in a Model of Meaningless Trade," Working Papers 407, Research Seminar in International Economics, University of Michigan.
- F10 - International Economics - - Trade - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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- Trefler, Daniel & Zhu, Susan Chun, 2010.
"The structure of factor content predictions,"
Journal of International Economics,
Elsevier, vol. 82(2), pages 195-207, November.
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