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INTERNATIONAL TRADE AND GROWTH: AN OVERVIEW FROM THE PERSPECTIVE OF THE NEW GROWTH THEORY AgEcon
Roe, Terry L.; Mohtadi, Hamid.
The role of international trade in the new growth theory is investigated from several perspectives. Following a historical outline and a brief analytical sketch of the R&D based models, the results from fitting three structural models to data are presented. Results show the relative impacts on growth from trade and R&D based policies including technological spillovers from trade. The mechanism of inter-sectoral adjustments to the long-run growth path are also discussed. Results from selected econometric studies are reviewed. With emphasis on agriculture, this includes evidence of technological spillovers from trade, the effect of R&D expenditures on growth in total factor productivity, and the extent to which the stock of technological...
Tipo: Conference Paper or Presentation Palavras-chave: Endogenous Growth; Trade; Technological Spillovers; International Relations/Trade.
Ano: 1999 URL: http://purl.umn.edu/21536
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