INTERNATIONAL TRADE AND GROWTH: An Overview From The Perspective of the New Growth Theory

The role of international trade in the new growth theory is investigated from several perspectives. following a historical outline and a brief analytical sketch of the R&D based models, the results from fitting three structural models to data are presented. Results show the relative impacts on growth from trade and R&D based policies including technological spillovers from trade. The mechnaism of inter-sectoral adjustments to the long-run growth path are also discussed. Results from selected econometric studies are reviewed. With emphasis on agriculture, this includes evidence of technological spillovers from trade, the effect of R&D expenditures on growth in total factor productivity, and the extent to which the stock of technological knowledge is accessible by others.

Issue Date:
Aug 08 1999
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
Total Pages:
JEL Codes:
O3; 04; 05

 Record created 2018-04-16, last modified 2020-10-28

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