A Factor Endowment Theory of Endogenous Growth and International Trade

This paper presents a dynamic general equilibrium model of multi‐country, two‐good and two‐factor, in which both long‐run growth and international trade patterns are examined. In each country, government expenditure on a public intermediate good plays a crucial role in the realization of persistent...

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Bibliographic Details
Published inReview of development economics Vol. 9; no. 4; pp. 467 - 481
Main Authors Hu, Yunfang, Kemp, Murray C., Shimomura, Koji
Format Journal Article
LanguageEnglish
Published Oxford, UK Blackwell Publishing Ltd 01.11.2005
Subjects
Economic Development
International Trade
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Summary:This paper presents a dynamic general equilibrium model of multi‐country, two‐good and two‐factor, in which both long‐run growth and international trade patterns are examined. In each country, government expenditure on a public intermediate good plays a crucial role in the realization of persistent growth. It is shown that the long‐run pattern of international trade is determined in a Heckscher‐Ohlin manner.
Bibliography:istex:3E95008A2BFA519D913A9B1CAF5A7F3D5FF46770
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ArticleID:RODE288
Earlier versions of this paper were presented at the International Trade and Factor Mobility Conference held at Kansai University (July, 2003), and the 2004 Fall Meeting of Japanese Economomic Association held at Okayama University (September, 2004). We thank Koichi Futagami, Takumi Naito and Masao Oda for their valuable comments. Comments from Ping Wang also are gratefully acknowledged.
Hu: Research Institute for Economics & Business Administration, Kobe University, Rokkodai, Nada, Kobe 657‐8501, Japan. E‐mail
mkemp@efs.mq.edu.au
hu@rieb.kobe‐u.ac.jp
Kemp: Department of Economics, Macquarie University, Sydney, NSW 2109, Australia. E‐mail
shimomura@rieb.kobe‐u.ac.jp
Shimomura: Research Institute for Economics & Business Administration, Kobe University, Rokkodai‐cho, Nada‐ku, Kobe 657‐8501, Japan. Tel/Fax: 81‐78‐803‐7002; E‐mail
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ISSN:1363-6669
1467-9361
DOI:10.1111/j.1467-9361.2005.00288.x