International Trade and Growth: Comparative Statics

Giancarlo Gandolfo

Chapter Chapter 13 in International Trade Theory and Policy, 2014, pp 299-320 from Springer

Abstract: Abstract The causes of growth are traditionally classified in two categories: increase in factor endowments and technical progress. The theoretical analysis of the relations between growth and international trade was initially directed to the examination of the effects of the various forms of growth on international trade, in particular on the volume and pattern of trade, on the terms of trade, and on welfare. In this analysis—which is essentially of a comparative-static nature and usually adopts the assumptions of first-degree homogeneous production functions and of no factor intensity reversal—growth and its causes are considered as given and their impact on international trade is explored. In a more general setting, one must consider the interrelationship between trade and growth, as these influence each other. The analysis of these problems requires the use of dynamic models, which will be briefly examined in the next chapter.

Keywords: National Income; Relative Price; Technical Progress; Excess Demand; Production Effect (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-37314-5_13

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DOI: 10.1007/978-3-642-37314-5_13

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