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Growth Gains from Trade and Education

Author

Listed:
  • Yong-jin Kim
  • Mr. Se-Jik Kim

Abstract

This paper presents a multisector growth model where education enhances general human capital, which is essential for increasing or maintaining the mobility of workers across industries. The paper shows that education, combined with international trade, can affect growth positively in the long run by raising workers’ ability to adapt and move easily to industries with the greatest productivity in each period. Depending on the initial ratio of general-to-specific human capital stock, multiple equilibrium growth paths can exist, including a poverty trap. If the ratio is not substantially low, trade liberalization can allow an economy in a poverty trap to transform into one with continuous education and higher output growth.

Suggested Citation

  • Yong-jin Kim & Mr. Se-Jik Kim, 1999. "Growth Gains from Trade and Education," IMF Working Papers 1999/023, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1999/023
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    Cited by:

    1. Roumeen Islam & Gianni Zanini, 2008. "World Trade Indicators 2008 : Benchmarking Policy and Performance," World Bank Publications - Books, The World Bank Group, number 6334, December.

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