Free Trade and Economic Growth
Kuo-Hsing Kuo,
Cheng-Te Lee and
Chen Fang
Australian Economic Papers, 2014, vol. 53, issue 1-2, 69-76
Abstract:
type="main">
This paper extends the Das (2005) model to set up an equilibrium growth model with heterogeneous labor to analyse the growth effects after trade openness. We prove that if the terms of trade large enough before opening trade, then it is more likely that opening trade would accelerate economic growth for a small open country, vice versa.
Date: 2014
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