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Learning by Doing, Trade in Capital Goods and Growth

Ai Ting Goh and Jacques Olivier
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Jacques Olivier: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) ; National University of Singapore ; HEC School of Management ; CEPPR

No 2001002, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: The paper aims at reconciling theoretical models of endogenous growth with the empirical evidence on trade and growth. In particular, we show that the conventional wisdom according to which trade is growth-impairing for a country with comparative advantage in goods with limited opportunities for learning fails to hold when the imported good is a capital good. The intuition is that the country gains access to cheaper capital goods, which raises investment, output per worker and learning by doing.

Keywords: trade; capital goods; growth (search for similar items in EconPapers)
JEL-codes: F10 O41 (search for similar items in EconPapers)
Pages: 44
Date: 2001-01-01
New Economics Papers: this item is included in nep-dev
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http://sites.uclouvain.be/econ/DP/IRES/2001-2.pdf (application/pdf)

Related works:
Journal Article: Learning by doing, trade in capital goods and growth (2002) Downloads
Working Paper: Learning by doing, trade in capital goods and growth (2002)
Working Paper: Learning by Doing, Trade in Capital Goods and Growth (2000) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2001002

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