dc.contributor.author |
Álvarez Albelo, Carmen |
dc.contributor.author |
Manresa, Antonio |
dc.contributor.author |
Pigem-Vigo, Mònica |
dc.date.accessioned |
2009-06-08T12:02:00Z |
dc.date.accessioned |
2021-01-20T16:47:22Z |
dc.date.available |
2009-06-08T12:02:00Z |
dc.date.available |
2021-01-20T16:47:22Z |
dc.date.created |
2009-06 |
dc.date.issued |
2009-06 |
dc.identifier.uri |
http://hdl.handle.net/2072/16098 |
dc.format.extent |
29 p. |
dc.format.extent |
127968 bytes |
dc.format.mimetype |
application/pdf |
dc.language.iso |
eng |
dc.publisher |
Xarxa de Referència en Economia Aplicada (XREAP) |
dc.relation.isformatof |
Reproducció digital del document publicat en format paper |
dc.relation.ispartofseries |
XREAP;2009-6 |
dc.rights |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i la xarxa i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
dc.subject.classification |
Comerç internacional |
dc.subject.classification |
Creixement econòmic |
dc.title |
The international trade as the sole engine of growth for an economy |
dc.type |
info:eu-repo/semantics/workingPaper |
dc.subject.udc |
33 - Economia |
dc.subject.udc |
338 - Situació econòmica. Política econòmica. Gestió, control i planificació de l'economia. Producció. Serveis. Turisme. Preus |
dc.subject.udc |
339 - Comerç. Relacions econòmiques internacionals. Economia mundial. Màrqueting |
dc.description.abstract |
Can international trade act as the sole engine of growth for an economy? If yes, what are the mechanisms through which trade operates in transmitting permanent growth? This paper answers these questions with two simple two-country models, in which only one country enjoys sustained growth in autarky. The models differ in the assumptions on technical change, which is either labour- or capital-augmenting. In both cases, the stagnant economy imports growth by trading. In the first model, growth is transmitted because of permanent increases in the trade volume. In the alternative framework, the stagnant economy imports sustained growth because its terms of trade permanently improve. |