TY - JOUR
T1 - A lab-equipment model of growth with heterogeneous firms and asymmetric countries
AU - Naito, Takumi
N1 - Funding Information:
JSPS, Japan (#16K03671)
Publisher Copyright:
© 2019 The Author
PY - 2019/8
Y1 - 2019/8
N2 - By extending the Rivera-Batiz–Romer lab-equipment model of growth with expanding input varieties to include both heterogeneous firms and asymmetric countries, we show that even unilateral trade liberalization always raises both countries’ long-run growth and welfare.
AB - By extending the Rivera-Batiz–Romer lab-equipment model of growth with expanding input varieties to include both heterogeneous firms and asymmetric countries, we show that even unilateral trade liberalization always raises both countries’ long-run growth and welfare.
KW - Asymmetric countries
KW - Endogenous technological change
KW - Heterogeneous firms
KW - Lab-equipment model
KW - Unilateral trade liberalization
UR - http://www.scopus.com/inward/record.url?scp=85064971895&partnerID=8YFLogxK
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U2 - 10.1016/j.econlet.2019.04.005
DO - 10.1016/j.econlet.2019.04.005
M3 - Article
AN - SCOPUS:85064971895
SN - 0165-1765
VL - 181
SP - 33
EP - 36
JO - Economics Letters
JF - Economics Letters
ER -