A lab-equipment model of growth with heterogeneous firms and asymmetric countries

Takumi Naito

Economics Letters, 2019, vol. 181, issue C, 33-36

Abstract: By extending the Rivera-Batiz–Romer lab-equipment model of growth with expanding input varieties to include both heterogeneous firms and asymmetric countries, we show that even unilateral trade liberalization always raises both countries’ long-run growth and welfare.

Keywords: Lab-equipment model; Heterogeneous firms; Asymmetric countries; Unilateral trade liberalization; Endogenous technological change (search for similar items in EconPapers)
JEL-codes: F13 F43 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Working Paper: A lab-equipment model of growth with heterogeneous firms and asymmetric countries (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:181:y:2019:i:c:p:33-36

DOI: 10.1016/j.econlet.2019.04.005

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