Trade Liberalization, Saving, and Development
Why is there apparently a positive correlation between saving and trade liberalization, in particular for the most successful developing countries? Despite tremendous research efort this puzzle is to a large extent still unresolved. In this general equilibrium model we show one channel which may shed some light on the issue. The basic idea is that trade liberalization may lead firms to use labour in a more indirect way, and thereby increase the incentives to save in order to develop new kinds of intermediate goods. For a backward economy this effect may be particularly strong, in which case trade liberalization possibly initiates a qualitative shift from a labour intensive to a more sophisticated production technology. Possible increases in the export to GDP ratio are then a side effect of the domestic investment and modernization process.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1998|
|Contact details of provider:|| Postal: NORWEGIAN SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION, HELLEVEIEN 30, 5035 BERGEN SANDVIKEN NORWAY.|
Phone: 5595 9000
Fax: 5595 9100
Web page: http://www.nhh.no/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:norgee:29/98. 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: (Thomas Krichel)
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.