IDEAS home Printed from https://ideas.repec.org/p/adl/cieswp/2003-17.html

Open Economy Schumpeterian Growth

Author

Listed:
  • Raul Barreto

    (School of Economics, University of Adelaide, Australia)

  • Kaori Kobayashi

    (School of Economics, University of Adelaide, Australia)

Abstract

This paper examines the Aghion and Howitt [1992] “creative destruction” endogenous growth model in an open economy setting. We consider four alternative trade regimes. The first two regimes allow the monopoly producer of the intermediate good to attain worldwide monopoly rents. In the first of the two, the countries engage in trade of only the imperfectly produced intermediate good. In the second, the two countries trade in both the intermediate good as well as in ideas. The last two regimes consider two countries which are identical before and after trade opens such that pro-competitive gains from trade are achieved. We again consider when only intermediaries may be traded and thereafter when both intermediaries and ideas may be traded. We find that the effects of trade on growth and welfare depend critically on the assumptions one imposes.

Suggested Citation

  • Raul Barreto & Kaori Kobayashi, 2003. "Open Economy Schumpeterian Growth," Centre for International Economic Studies Working Papers 2003-17, University of Adelaide, Centre for International Economic Studies.
    • Handle: RePEc:adl:cieswp:2003-17
    as

    Download full text from publisher

    File URL: http://www.adelaide.edu.au/cies/papers/0317.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F15 - International Economics - - Trade - - - Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:adl:cieswp:2003-17. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dmitriy Kvasov The email address of this maintainer does not seem to be valid anymore. Please ask Dmitriy Kvasov to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/cieadau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.