Dynamics, economic growth, and international trade
While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growt...
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| Format | eBook |
| Language | English |
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Ann Arbor
University of Michigan Press
11.03.2010
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| Edition | 1 |
| Series | Studies in international economics |
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| Abstract | While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies.
The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements.
Contributors include Eric W. Bond, Theo S. Eicher, Rolf Färe, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong.
Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle. |
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| AbstractList | While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies.
The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements.
Contributors include Eric W. Bond, Theo S. Eicher, Rolf Färe, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong.
Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle. While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the old growth theory and new growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. Contributors include Eric W. Bond, Theo S. Eicher, Rolf F-re, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong. Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle. Combines two areas in economics: the theory of economic growth and the theory of international trade. While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. |
| Author | Wong, Kar-yiu Jensen, Bjarne S |
| AuthorAffiliation | Bjarne S. Jensen and Kar-yiu Wong, Editors |
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| Copyright | 1997 University of Michigan Ann Arbor : University of Michigan Press, c1997. |
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| Notes | 58 figures, 3 tables |
| OCLC | 743200702 |
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| Snippet | While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the... Combines two areas in economics: the theory of economic growth and the theory of international trade. |
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| SubjectTerms | Business BUSINESS & ECONOMICS Business Development Development Econometric models Economic development Economic development - Econometric models Economic History Economics International trade International trade--Econometric models |
| SubjectTermsDisplay | Economic development--Econometric models. Electronic books. International trade--Econometric models. |
| TableOfContents | Dynamics, economic growth, and international trade -- Contents -- List of Figures -- List of Tables -- Contributors -- Part I: Introduction -- Chapter 1: Introduction Bjarne s. Jensen and Kar-yiu Wong -- Chapter 2: Endogenous Growth and International Trade: A Survey Ngo Van Long and Kar-yiu Wong -- Part II: Dynamics of Basic Trade Models -- Chapter 3: General Equilibrium Dynamics of Basic Trade Models for Growing Economies Bjarne S. Jensen and Chunyan Wang -- Chapter 4: Endogenous Growth, Trade, and Specialization under Variable Returns to Scale: The Case of a Small Open Economy Ngo Van Long, Kazuo Nishimura, and Koji Shimomura -- Chapter 5: Dynamic Foundations for the Factor Endowment Model of International Trade Oded Galor and Shoukang Lin -- Part III: Growth and Trade with Endogenous Accumulation of Human or Public Capital -- Chapter 6: Public and Private Capital in an Endogenously Growing Open Economy Stephen J. Turnovsky -- Chapter 7: Trade and Growth with Endogenous Human and Physical Capital Accumulation Eric W. Bond and Kathleen Trask -- Part IV: Economic Growth, Technological Progress, and International Trade -- Chapter 8: Efficiency and Productivity in Rich and Poor Countries Rolf Fre and Shawna Grosskopf -- Chapter 9: Interpreting East Asian Growth Pham Hoang Van and Henry Y. Wan, Jr. -- Part V: Dynamics, Economic Growth, and International Factor Movement -- Chapter 10: Endogenous Growth and International Labor Migration: The Case of a Small, Emigration Economy Kar-yiu Wong -- Chapter 11: The Human Capital Dimension to Foreign Direct Investment: Training, Adverse Selection, and Firm Location Thea S. Eicher and Pantelis Kalaitzidakis Front Matter Table of Contents List of Figures List of Tables Contributors CHAPTER 1: Introduction CHAPTER 2: Endogenous Growth and International Trade: CHAPTER 3: General Equilibrium Dynamics of Basic Trade Models for Growing Economies CHAPTER 4: Endogenous Growth, Trade, and Specialization under Variable Returns to Scale: CHAPTER 5: Dynamic Foundations for the Factor Endowment Model of International Trade CHAPTER 6: Public and Private Capital in an Endogenously Growing Open Economy CHAPTER 7: Trade and Growth with Endogenous Human and Physical Capital Accumulation CHAPTER 8: Efficiency and Productivity in Rich and Poor Countries CHAPTER 9: Interpreting East Asian Growth CHAPTER 10: Endogenous Growth and International Labor Migration: CHAPTER 11: The Human Capital Dimension to Foreign Direct Investment: Back Matter Contents List of Figures List of Tables Contributors Part I. Introduction 1. Introduction 2. Endogenous Growth and International Trade: A Survey Part II. Dynamics of Basic Trade Models 3. General Equilibrium Dynamics of Basic Trade Models for Growing Economies 4. Endogenous Growth, Trade, and Specialization under Variable Returns to Scale: The Case of a Small Open Economy 5. Dynamic Foundations for the Factor Endowment Model of International Trade Part III. Growth and Trade with Endogenous Accumulation of Human or Public Capital 6. Public and Private Capital in an Endogenously Growing Open Economy 7. Trade and Growth with Endogenous Human and Physical Capital Accumulation Part IV. Economic Growth, Technological Progress, and International Trade 8. Efficiency and Productivity in Rich and Poor Countries 9. Interpreting East Asian Growth Part V. Dynamics, Economic Growth, and International Factor Movement 10. Endogenous Growth and International Labor Migration: The Case of a Small, Emigration Economy 11. The Human Capital Dimension to Foreign Direct Investment: Training, Adverse Selection, and Firm Location Cover Frontmatter Intro -- Contents -- List of Figures -- List of Tables -- Contributors -- Part I. Introduction -- 1. Introduction / Bjarne S. Jensen and Kar-yiu Wong -- 2. Endogenous Growth and International Trade: A Survey / Ngo Van Long and Kar-yiu Wong -- Part II. Dynamics of Basic Trade Models -- 3. General Equilibrium Dynamics of Basic Trade Models for Growing Economies / Bjarne S. Jensen and Chunyan Wang -- 4. Endogenous Growth, Trade, and Specialization under Variable Returns to Scale: The Case of a Small Open Economy / Ngo Van Long, Kazuo Nishimura, and Koji Shimomura -- 5. Dynamic Foundations for the Factor Endowment Model of International Trade / Oded Galor and Shoukang Lin -- Part III. Growth and Trade with Endogenous Accumulation of Human or Public Capital -- 6. Public and Private Capital in an Endogenously Growing Open Economy / Stephen J. Turnovsky -- 7. Trade and Growth with Endogenous Human and Physical Capital Accumulation / Eric W. Bond and Kathleen Trask -- Part IV. Economic Growth, Technological Progress, and International Trade -- 8. Efficiency and Productivity in Rich and Poor Countries / Rolf Färe and Shawna Grosskopf -- 9. Interpreting East Asian Growth / Pham Hoang Van and Henry Y. Wan, Jr. -- Part V. Dynamics, Economic Growth, and International Factor Movement -- 10. Endogenous Growth and International Labor Migration: The Case of a Small, Emigration Economy / Kar-yiu Wong -- 11. The Human Capital Dimension to Foreign Direct Investment: Training, Adverse Selection, and Firm Location / Theo S. Eicher and Pantelis Kalaitzidakis Contents <entry start-page="ix" class="undefined" sequence="1"> List of Figures <entry start-page="xii" class="undefined" sequence="2"> List of Tables <entry start-page="xiii" class="undefined" sequence="3"> Contributors <entry start-page="1" class="part" sequence="4"> Part I. Introduction <entry start-page="3" class="chapter" sequence="5"> 1. Introduction Jensen Bjarne S. Wong Kar-yiu <entry start-page="11" class="chapter" sequence="6"> 2. Endogenous Growth and International Trade: A Survey Long Ngo Van Wong Kar-yiu <entry start-page="75" class="part" sequence="7"> Part II. Dynamics of Basic Trade Models <entry start-page="77" class="chapter" sequence="8"> 3. General Equilibrium Dynamics of Basic Trade Models for Growing Economies Jensen Bjarne S. Wang Chunyan <entry start-page="127" class="chapter" sequence="9"> 4. Endogenous Growth, Trade, and Specialization under Variable Returns to Scale: The Case of a Small Open Economy Long Ngo Van Nishimura Kazuo Shimomura Koji <entry start-page="151" class="chapter" sequence="10"> 5. Dynamic Foundations for the Factor Endowment Model of International Trade Galor Oded Lin Shoukang <entry start-page="169" class="part" sequence="11"> Part III. Growth and Trade with Endogenous Accumulation of Human or Public Capital <entry start-page="171" class="chapter" sequence="12"> 6. Public and Private Capital in an Endogenously Growing Open Economy Turnovsky Stephen J. <entry start-page="211" class="chapter" sequence="13"> 7. Trade and Growth with Endogenous Human and Physical Capital Accumulation Bond Eric W. Trask Kathleen <entry start-page="241" class="part" sequence="14"> Part IV. Economic Growth, Technological Progress, and International Trade <entry start-page="243" class="chapter" sequence="15"> 8. Efficiency and Productivity in Rich and Poor Countries Färe Rolf Grosskopf Shawna <entry start-page="265" class="chapter" sequence="16"> 9. Interpreting East Asian Growth Van Pham Hoang Wan, Jr. Henry Y. <entry start-page="287" class="part" sequence="17"> Part V. Dynamics, Economic Growth, and International Factor Movement <entry start-page="289" class="chapter" sequence="18"> 10. Endogenous Growth and International Labor Migration: The Case of a Small, Emigration Economy Wong Kar-yiu <entry start-page="337" class="chapter" sequence="19"> 11. The Human Capital Dimension to Foreign Direct Investment: Training, Adverse Selection, and Firm Location Eicher Theo S. Kalaitzidakis Pantelis |
| Title | Dynamics, economic growth, and international trade |
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