Multi-Country Endogenous Growth Models

Lutz Georg Arnold ()

No 404, Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft from University of Regensburg, Department of Economics

Abstract: The transitional dynamics of open-economy endogenous growth models are largely unexplored. The present paper fills this gap in the literature. By applying the familiar Dixit-Norman (1980) approach to a general class of growth models, it provides original results on the transitional dynamics of the multi-country open-economy versions of several prominent special cases, including the models of Romer (1986, 1990), Lucas (1988), Grossman and Helpman (1991a, Chapters 3 and 4, 1991b), Jones (1995a), and Segerstrom (1998). This approach also shows that, in the class of models considered, the question of whether or not international economic integration accelerates growth in the long run is equivalent to the question of whether or not scale effects prevail.

Keywords: international trade; endogenous growth; Reale Außenwirtschaftstheorie; Endogenes Wirtschaftswachstum (search for similar items in EconPapers)
JEL-codes: O41 F15 F12 (search for similar items in EconPapers)
Date: 2005-03-01
Note: This paper is part of http://www.opus-bayern.de/uni-regensburg/schriftenreihen_ebene2.php?sr_id=3
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Persistent link: http://EconPapers.repec.org/RePEc:bay:rdwiwi:477

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