Trade liberalisation and endogenous growth - A q-theory approach

• 成果类型: Article
• 署名作者: Baldwin, RE; Forslid, R
• 署名单位: Lund University
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(99)00008-2
• 发表日期: 2000
• 页码: 497-517
• 关键词: endogenous growth; trade and growth; Trade liberalisation; Tobin's Q

摘要

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. (C) 2000 Elsevier Science B.V. All. rights reserved. JEL classification: F43; F13; F12; F36; 04.