An Eaton–Kortum model of trade and growth

Takumi Naito*

*この研究の対応する著者

研究成果: Article査読

7 被引用数 (Scopus)

抄録

We combine a multi-country, continuum-good Ricardian model of Eaton and Kortum (2002) with a multi-country AK model of Acemoglu and Ventura (2002) to examine how trade liberalization affects countries' growth rates and extensive margins of trade over time. Focusing on the three-country case, we obtain three main results. First, a permanent fall in any trade cost raises the balanced growth rate. Second, trade liberalization increases the liberalizing countries' long-run fractions of exported varieties to all destinations. Third, the long-run effects of trade liberalization are different from its short-run effects, which can reverse the welfare implications of the static Eaton–Kortum model.

本文言語English
ページ(範囲)456-480
ページ数25
ジャーナルCanadian Journal of Economics
50
2
DOI
出版ステータスPublished - 2017 5 1

ASJC Scopus subject areas

  • 経済学、計量経済学

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