Learning by doing, trade in capital goods and growth

• 成果类型: Article
• 署名作者: Goh, AT; Olivier, J
• 署名单位: Universite Catholique Louvain; National University of Singapore; Hautes Etudes Commerciales (HEC) Paris
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(01)00124-6
• 发表日期: 2002
• 页码: 411-444
• 关键词: International trade; capital accumulation; endogenous growth; learning by doing

摘要

This paper aims at reconciling theoretical models of endogenous growth with the empirical evidence on trade and growth. In particular, we show that the conventional wisdom according to which trade is growth-impairing for a country with comparative advantage in goods with limited opportunities for teaming fails to hold when the imported good is a capital good. The intuition is that the country gains access to cheaper capital goods, which raises investment, output per worker and teaming by doing. (C) 2002 Elsevier Science B.V. All rights reserved.