Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/96626
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Type: | Journal article |
Title: | Economic integration and endogenous growth revisited: pro-competitive gains from trade in goods and the long run benefits to the exchange of ideas |
Author: | Barreto, R. Kobayashi, K. |
Citation: | Professionals Center for Business Research, 2015; 2(1):5-20 |
Publisher: | Professionals Center for Business Research |
Issue Date: | 2015 |
ISSN: | 2409-9783 2409-9783 |
Statement of Responsibility: | Raul A. Barreto and Kaori Kobayashi |
Abstract: | This paper re-examines the Romer [1990] "knowledge driven" endogenous growth model in an open economy setting. As an alternative to Rivera-Batiz and Romer [1991], we consider trade between two absolutely identical countries that are characterized by imperfect competition in one of the trade goods. Contrary to Rivera-Batiz and Romer [1991], we find that trade in goods without trade in ideas is detrimental to long run growth while trade in goods in conjunction with trade in ideas is good for long run growth. We further demonstrate that the pro-competitive gains from trade in goods is analogous to the analysis of imperfect competition by standard international trade theory. |
Keywords: | Knowledge driven Endogenous growth International trade Imperfect competition |
Rights: | This article is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0) License. |
DOI: | 10.18483/PCBR.16 |
Published version: | http://dx.doi.org/10.18483/pcbr.16 |
Appears in Collections: | Aurora harvest 7 Economics publications |
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hdl_96626.pdf | Published version | 609.42 kB | Adobe PDF | View/Open |
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