On Endogenous Product Cycles under Costly Trade
Adolfo Cristobal Campoamor
Authors registered in the RePEc Author Service: Adolfo Cristobal-Campoamor ()
MPRA Paper from University Library of Munich, Germany
The catchup and convergence of developing economies with the Western world is a major experience in modern history. In this paper we explore the role played jointly by technological imitation and trade liberalization in a North-South endogenous growth model. We prove that a gradual trade liberalization between South and North will promote convergence at any level of initial trade costs if the Southern economies are fully industrialized, their R&D potential is relatively low and the elasticity of substitution among manufactures is high enough.
Keywords: Product Cycles; Convergence; Trade Openness; Endogenous Growth (search for similar items in EconPapers)
JEL-codes: F63 O3 O41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:67289
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