Trade Dynamics and Endogenous Growth: An Overlapping‐Generations Analysis

Andrew Mountford

Economica, 1999, vol. 66, issue 262, 209-224

Abstract: This paper examines the dynamic implications of international trade in a two‐sector overlapping‐generations economy with endogenous growth. It analyses the global dynamics of this model for both a closed economy and a two‐country world economy. It shows how international trade can cause the world economy to sort itself out into groups of fast and slow‐growing economies and can also cause one country to catch up and overtake another’s growth rate. It thus provides theoretical support for empirical papers which find that the world distribution of income is diverging.

Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/1468-0335.00165

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:econom:v:66:y:1999:i:262:p:209-224

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0427

Access Statistics for this article

Economica is currently edited by Frank Cowell, Tore Ellingsen and Alan Manning

More articles in Economica from London School of Economics and Political Science Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().