 Trade and Trade Policy in Endogenous Growth ModelsM. Scott Taylor and
Neil Vousden
Chapter 15 in International Trade Policy and the Pacific Rim, 1999, pp 321-347 from Palgrave Macmillan Abstract: Abstract Since the late 1980s, trade theorists have been aware that trading opportunities and trade policy can have important, and lasting, effects on a nation’s rate of economic growth. Conversely, since the time of Edgeworth, Mill and Ricardo trade economists have been studying the consequences of ongoing improvements in technology and growth of factor endowments for trading opportunities and trade policy. I follow this division of labour by specializing this review in a similar, and, I hope, complementary manner. The first goal of this chapter is to synthesize the major theoretical results from the new growth theory linking international trade and trade policy to permanent and lasting effects on growth rates. The second goal is to study how the consequences of ongoing endogenous growth may affect the incentives governments have to restrict trade at a point in time, and how endogenous growth can shape and limit the form of self-enforcing trade liberalizations that are supportable over time. Date: 1999 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-14543-0_15 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-14543-0_15 Access Statistics for this chapter More chapters in International Economic Association Series from Palgrave Macmillan |
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