Wachstumstheoretische Perspektiven der Wirtschaftsintegration: Neuere Ansätze / New Theories on the Growth Effects of Economic Integration
Economic integration alters the growth path of the involved economies through scale, factor reallocation and factor trade effects. Scale effects arising from positive spillovers are best known from literature. Provided that the growth mechanism in autarky is the more efficient the larger is the economy, integration increases the relevant scale of an economy which unambiguously fosters growth. However, if spillovers are not intensive enough or if they arise from an average value of the capital stock, long-term growth remains unaffected by trade. Furthermore, integration leads to a reallocation of factors between sectors. If trade causes a reallocation of inputs from dynamic sectors to other sectors, the growth rate decreases. This can happen in the case of integration with countries being rich in the factor that is extensively used in the dynamic sectors, assuming a low substitutability of inputs in production. If all sectors contribute to the dynamics of an economy, the probability of negative factor reallocation effects becomes lower. Factor trade between the economies can reinforce differences in the countries' growth rates leading to growth centers in an integrated economic area. The present paper demonstrates these mechanisms in an integrated approach providing a compact survey of the recent literature on trade and growth.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 222 (2002)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.degruyter.com|
|Order Information:||Web: http://www.degruyter.com/view/j/jbnst|
When requesting a correction, please mention this item's handle: RePEc:jns:jbstat:v:222:y:2002:i:1:p:64-79. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peter Golla)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.