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Registros recuperados: 6
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A Dynamic CGE Model: An Application of R&D- Based Endogenous Growth Model Theory AgEcon
Diao, Xinshen; Elbasha, Elamin H.; Roe, Terry L.; Yeldan, A. Erinc.
An R&D based endogenous growth - applied general equilibrium model is developed from an underlying analytical model which combines Romer's capital variety with Grossman and Helpman's multi-sector open economy model. The transitional dynamics of the analytical model are derived. For numerical implementation, a time discrete empirical model, with an Armington structure, is fit to East Asian data of the social accounting matrix variety. Simulations of trade reform are performed and their static and dynamic effects compared. The transition paths of the state variables are found to have a half-life of five to six periods. A solution of the Social Planner's problem, and interventions which seek to obtain this outcome from the decentralized model are also...
Tipo: Working or Discussion Paper Palavras-chave: Applied General Equilibrium; Trade; Growth; International Relations/Trade; F11; 031; 041.
Ano: 1996 URL: http://purl.umn.edu/7461
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Agricultural Inter-Sectoral Linkages and Its Contribution to Economic Growth in the Transition Countries AgEcon
Subramaniam, Vijay; Reed, Michael R..
This study estimates an econometric model that incorporates the linkages among agriculture, manufacturing, service and trade sectors using a vector error correction model for Poland and Romania. Three cointegrating vectors for Poland and one for Romania confirm that the different sectors in the Poland and Romania moved together over the sample period, and for this reason, their growth rates are interdependent. The long-run relationship of industrial, service and trade sectors to agricultural sector were established, and the results show that the industrial sector in Poland contributes positively to the agricultural sector while the growing service sector shows mixed results. The results of Romania indicate that the industrial sector is detrimental to...
Tipo: Conference Paper or Presentation Palavras-chave: Transition economy; Inter-sectoral growth linkages; Cointegration analysis; International Development; Research Methods/ Statistical Methods; P20; 041; C32.
Ano: 2009 URL: http://purl.umn.edu/51586
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Does Agriculture Really Matter for Economic Growth in Developing Countries? AgEcon
Awokuse, Titus O..
In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. While some contend that agricultural development is a precondition to industrialization, others strongly disagree and argue for a different path. Taking advantage of recent developments in time series econometric methods, this paper re-examines the question of whether agriculture could serve as an engine of growth. Results from the empirical analysis provide strong evidence indicating that agriculture is an engine of economic growth. Furthermore, we find that trade openness has a positive effect on GDP growth.
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Economic growth; ARDL; Developing countries; Agricultural and Food Policy; Community/Rural/Urban Development; C23; O11; 041.
Ano: 2009 URL: http://purl.umn.edu/49762
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General Pattern Formation in Recursive Dynamical Systems Models in Economics AgEcon
Brock, William A.; Xepapadeas, Anastasios.
This paper presents a fairly general treatment of recursive infinite horizon forward looking optimizing systems on infinite dimensional spatial domains. It includes optimal control, an analysis of local stability of spatially flat optimal steady states and development of techniques to compute spatially heterogeneous optimal steady states. The paper also develops a concept of rational expectations equilibrium, a local stability analysis for spatially homogeneous rational expectations steady states, and computational techniques for spatially heterogeneous rational expectations steady states.
Tipo: Working or Discussion Paper Palavras-chave: Pattern Formation; Spatial Spillovers; Optimal Control; Spillover Induced Instability; Growth Models; Research Methods/ Statistical Methods; C61; 041.
Ano: 2009 URL: http://purl.umn.edu/52345
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Liberalization and Structural Change: Evidence from Nepalese Manufacturing AgEcon
Sharma, Kishor.
The consequences of liberalization on structural changes are examined using data from manufacturing industry in Nepal which is classified as a least developed country. This is important because doubts that liberalization may not solve the problems of low-income developing countries remain strong due mainly to low supply elasticities and the early stage of industrialization. Results suggest some structural changes in manufacturing output and trade orientation. However, no significant improvements were recorded in the overall productivity growth and spatial distribution of manufacturing which appear to be due mainly to the lack of basic infrastructure and the shortage of skilled manpower. Thus, appropriate investment policies, which channel resources to...
Tipo: Working or Discussion Paper Palavras-chave: Liberalization; Import penetration; Export intensity; Total factor productivity growth; Nepal; International Relations/Trade; E13; F13; F14; F43; 041.
Ano: 2000 URL: http://purl.umn.edu/28394
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Outward-Orientation and Development: Are Revisionists Right? AgEcon
Srinivasan, T.N.; Bhagwati, Jagdish.
The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the auspices of OECD, NBER and World Bank. These studies played a critical role in shifting policies in several developing countries away from the IS strategy. Recently there has been a proliferation of cross country regressions as a methodology of analysis of issues relating to growth, trade and other issues. Both proponents (e.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher growth have...
Tipo: Working or Discussion Paper Palavras-chave: Developing countries; Economic development; Economic growth; International trade; Openness; Import substitution; Export promotion; Cross-country regressions; International Development; E13; F11; F14; F43; 041; 057.
Ano: 1999 URL: http://purl.umn.edu/28476
Registros recuperados: 6
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