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Complementarity, Growth and Trade

Author

Listed:
  • Honkapohja, S.
  • Turunen-Red, A.

Abstract

We consider an endogenous growth model which includes international trade in capital goods. The model yields several distinct balanced growth solutions which can be classified using stability under adaptive learning. Some of the equilibria can involve growth rates much higher (or lower) than others.

Suggested Citation

  • Honkapohja, S. & Turunen-Red, A., 1999. "Complementarity, Growth and Trade," University of Helsinki, Department of Economics 461, Department of Economics.
  • Handle: RePEc:fth:helsec:461
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    Cited by:

    1. Christine Mutz & Thomas Ziesemer, 2008. "Simultaneous estimation of income and price elasticities of export demand, scale economies and total factor productivity growth for Brazil," Applied Economics, Taylor & Francis Journals, vol. 40(22), pages 2921-2937.
    2. Seppo Honkapohja & Arja H. Turunen-Red & Alan D. Woodland, 2016. "Growth, expectations and tariffs," Canadian Journal of Economics, Canadian Economics Association, vol. 49(4), pages 1441-1469, November.
    3. Honkapohja, Seppo & Turunen-Red, Arja H., 2004. "Gains and losses from tax competition with migration," Working Papers 2004-01, University of New Orleans, Department of Economics and Finance.

    More about this item

    Keywords

    INNOVATIONS ; INTERNATIONAL TRADE ; TECHNOLOGY ; ECONOMIC EQUILIBRIUM;

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F15 - International Economics - - Trade - - - Economic Integration
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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