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Complementarity, Growth and Trade

Seppo Honkapohja () and Turunen-Red, A.

University of Helsinki, Department of Economics from Department of Economics

Abstract: We consider an endogenous growth model which includes international trade in capital goods. The model yields several distinct balanced growth solutions which can be classified using stability under adaptive learning. Some of the equilibria can involve growth rates much higher (or lower) than others.

Keywords: INNOVATIONS; INTERNATIONAL TRADE; TECHNOLOGY; ECONOMIC EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: F12 F15 O41 (search for similar items in EconPapers)
Date: 1999
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Journal Article: Complementarity, growth, and trade (2002) Downloads
Working Paper: Complementarity, Growth and Trade (1999) Downloads
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