Economic Integration and Endogenous Growth
Luis Rivera-Batiz and
The Quarterly Journal of Economics, 1991, vol. 106, issue 2, 531-555
In a world with two similar, developed economies, economic integration can cause a permanent increase in the worldwide rate of growth. Starting from a position of isolation, closer integration can be achieved by increasing trade in goods or by increasing flows of ideas. We consider two models with different specifications of the research and development sector that is the source of growth. Either form of integration can increase the long-run rate of growth if it encourages the worldwide exploitation of increasing returns to scale in the research and development sector.
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Chapter: Economic Integration and Endogenous Growth (2018)
Working Paper: Economic Integration and Endogenous Growth (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:106:y:1991:i:2:p:531-555.
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