Gains and losses from trade when countries differ in public knowledge stock

Hans Jarle Kind

Atlantic Economic Journal, 2001, vol. 29, issue 3, 274-293

Abstract: Following the insight from endogenous growth theory, this paper assumes that countries with advanced production structures have high levels of public knowledge. The purpose of this paper is to analyze whether a developing country should trade with countries that are more or less advanced than itself. It is argued that it is particularly harmful to trade with advanced countries if international transaction costs are high and capital is internationally immobile, in which case welfare may be higher in autarchy than with trade. For low levels of transaction costs, it may be more beneficial to trade with relatively advanced countries, particularly if capital is internationally mobile. Copyright International Atlantic Economic Society 2001

Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1007/BF02300549 (text/html)
Access to full text is restricted to subscribers.

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:kap:atlecj:v:29:y:2001:i:3:p:274-293

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11293/PS2

DOI: 10.1007/BF02300549

Access Statistics for this article

Atlantic Economic Journal is currently edited by Kathleen S. Virgo

More articles in Atlantic Economic Journal from Springer, International Atlantic Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().