Population growth and trade patterns in semi-endogenous growth economies
Hiroaki Sasaki ()
Structural Change and Economic Dynamics, 2017, vol. 41, issue C, 1-12
This paper builds a two-country, two-sector (manufacturing and agriculture), semi-endogenous growth model and investigates the relationship between trade patterns and the growth rate of per capita real consumption. Under free trade, if the home country produces both goods and the foreign country specializes in agriculture, then the per capita growth rates of the home country and foreign country are equalized. By contrast, if the home country specializes in manufacturing and the foreign country specializes in agriculture, then the per capita growth rate of the home country is higher than that of the foreign country.
Keywords: Semi-endogenous growth model; Trade patterns; Population growth; Per capita consumption growth (search for similar items in EconPapers)
JEL-codes: F10 F43 O11 O41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:41:y:2017:i:c:p:1-12
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