GDL

Journal from gdlhub / 2017-08-14 11:52:53
Oleh : Richard E. Baldwina, Rikard Forslidb, ELSEVIER (baldwin@hei.unige.ch (R.E. Baldwin))
Dibuat : 2010-06-30, dengan 1 file

Keyword : Trade, liberalisation,endogenous, growth,q-theory, approach
Url : http://www.elsevier.nl / locate /econbase

This paper introduces a new approach to the analysis of endogenous growth effects and


uses it to illustrate two novel trade-and-growth links. The approach’s simplicity allows us to


introduce scale economies and imperfect competition into the R&D and financial intermediation


sectors of a Romer–Grossman–Helpman endogenous growth model. We show


that trade liberalisation can stimulate growth via a procompetitive effect in the R&D sector


and/or financial sector.

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