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Title: |
Endogenous Growth and Trade Liberalization |
| Author: |
Blackburn,
Keith; Hung, Victor T. Y. |
| Author
Affiliation: |
U Southampton;
City U Hong Kong |
| Source: |
International Economic Journal, Spring 1996, v. 10, no. 1, pp. 33-46 |
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Publication Date: |
Spring 1996 |
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Abstract: |
We develop an endogenous growth model in
which trade liberalization has a positive effect on growth. This effect
does not depend on marginal re-allocations nor on knowledge spillovers.
Rather, it is due solely to the increase in market size following the
integration of product markets. Our result contradicts a widely held
view that trade in physical goods per se has no consequences for
long-run growth. |
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