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Learning by Doing and the Dynamic Effects of International Trade
Open accessAbstract
Using an endogenous growth model in which learning by doing, although bounded in each good, exhibits spillovers across goods, this paper investigates the dynamic effects of international trade. Examining the interaction of an LDC and a DC, the latter distinguished by a higher initial level of knowledge, I find that under free trade the LDC (DC) experiences rates of technical progress and GDP growth less than or equal (greater than or equal) to those enjoyed under autarky. Since both countries enjoy the usual static gains from trade, free trade may, nevertheless, improve the welfare of LDC consumers.
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Citations
Cited by
Economic Reform and the Process of Global Integration
Sachs, J. D., Warner, A., Aslund, A., & Fischer, S. (1995) · Brookings Papers on Economic Activity · doi:10.2307/2534573 · Cited by 4,950
Trade, Foreign Investment, and Industrial Policy for Developing Countries*
Harrison, A., & Rodríguez-Clare, A. (2010) · Handbook of Development Economics · doi:10.1016/b978-0-444-52944-2.00001-x · Cited by 595
Easterly, W., Kremer, M., Pritchett, L., & Summers, L. H. (1993) · Journal of Monetary Economics · doi:10.1016/0304-3932(93)90026-c · Cited by 561
Learning by doing and the Dutch disease
Torvik, R. (2001) · European Economic Review · doi:10.1016/s0014-2921(99)00071-9 · Cited by 529
Slow Convergence? The New Endogenous Growth Theory and Regional Development*
Martin, R., & Sunley, P. (1998) · Economic Geography · doi:10.1111/j.1944-8287.1998.tb00113.x · Cited by 470
Metadata
- Authors
- Young, A.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1991-05
- Volume
- 106
- Issue
- 2
- Pages
- 369
- ISSN
- 0033-5533 (ISSN-L)
- OpenAlex
- W2891950355
- Cited by
- 1,333
- References
- 0
- FWCI
- 69.44
- Type
- journal article
- Language
- en
- Open access
- green
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