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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2005.1
- 수록면
- 173 - 203 (31page)
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This paper examines the determinants of long-run comparative advantage and analyzes transitional dynamics after free trade in an endogenous growth model. It shows that a country with favorable conditions for capital accumulation has a long-run comparative advantage in capital-intensive goods. Transitional dynamics shows that the growth rate of a more patient country tends to be higher while a less patient country experiences a slowdown in its output growth rate during the transition path. In this study, it is shown that an endogenous growth model with international trade can produce the three empirically observed facts in the rapidly growing East Asian countries: high savings rates, high growth rates, and a significant change in the trade pattern.
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참고문헌 (19)
참고문헌 신청
/ August1995 / The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience. 110 : 641 ~ 680
August 1993 / / Transitional Dynamics in Two-Sector Models of Endogenous Growth. Quarterly Journal of Economics 108 : 739 ~ 73
Barro, / March1995 / Capital Mobility in Neoclassical Models of Growth 83 : 103 ~ 115
Baxter / / and Trade in the Two-Sector Model The Return of Ricardo? Journal of Political Economy 100 : 713 ~ 44
Clarida / 1991. / and the Patterns of Trade. NBER Working Paper
August 1993 / / Transitional Dynamics in Two-Sector Models of Endogenous Growth. Quarterly Journal of Economics 108 : 739 ~ 73
Barro, / March1995 / Capital Mobility in Neoclassical Models of Growth 83 : 103 ~ 115
Baxter / / and Trade in the Two-Sector Model The Return of Ricardo? Journal of Political Economy 100 : 713 ~ 44
Clarida / 1991. / and the Patterns of Trade. NBER Working Paper
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