Trade Induced Convergence in Credit Constrained Economies

P. Ranjan
Authors registered in the RePEc Author Service: Priyaranjan Jha

Working Papers from California Irvine - School of Social Sciences

Abstract: This paper constructs a model where otherwise identical economies having different initial conditions are in different steady-states in autarky because skill accumulation is subject to credit constraint. In a two country world it is shown how international trade in goods can cause complete convergence in skill endowments and per capita outputs of trading economies.

Keywords: INTERNATIONAL TRADE; ECONOMIC GROWTH; EXPERIMENTS (search for similar items in EconPapers)
JEL-codes: F12 F15 F43 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:calirv:00-01

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