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Knowledge Dissemination, Capital Accumulation, Trade, and Endogenous Growth

Dan Ben-David () and Michael Loewy ()

Working Papers from Tel Aviv - the Sackler Institute of Economic Studies

Abstract: This paper preserves many of the primary features of the standard neoclassical framework while introducing some modifications that transform it into an open economy endogenous growth model with knowledge accumulation. The accumulation of knowledge is determined in part by the extent of knowledge spillovers from abroad which, in turn, are affected by commercial policy that regulates the extent of trade between countries. The model predicts that trade liberalization will increase steady-state output in all countries while benefitting the liberalizaing country the most in terms of relative income levels.

Keywords: ECONOMIC MODELS; ECONOMIC GROWTH; TRADE (search for similar items in EconPapers)
JEL-codes: E13 F41 O42 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1997
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Related works:
Journal Article: Knowledge Dissemination, Capital Accumulation, Trade, and Endogenous Growth (2000)
Working Paper: Knowledge Dissemination, Capital Accumulation, Trade, and Endogenous Growth (1997) Downloads
Working Paper: Knowledge Dissemination, Capital Accumulation, Trade and Endogenous Growth (1996) Downloads
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