2026-04-17T03:05:43Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/1362582025-11-20T10:14:27Zcom_2072_1057col_2072_478809col_2072_478917
RECERCAT
author
Álvarez Albelo, Carmen
author
Manresa, Antonio, 1954-
author
Pigem-Vigo, Mònica
2019-07-02T08:16:28Z2020-09-30T05:10:27Z2018-092019-07-02T08:16:28Z
We show that pure Ricardian trade can account for the empirical evidence that domestic growth is more affected by foreign growth than by trade openness. To do this, we develop a two‐country model involving a backward economy that exchanges intermediate goods with a faster growing country. We obtain three main results regarding growth and welfare of the backward economy: (i) the growth‐enhancing comparative advantage is facilitated by faster foreign growth; (ii) the growth rate may be negatively affected or unaffected by a domestic tariff, while it is always positively impacted by foreign growth; and (iii) a domestic tariff could be welfare‐improving.
(c) Scottish Economic Society, 2018 info:eu-repo/semantics/openAccess
Comerç exterior
Creixement econòmic
Foreign trade
Economic growth
Growing through trade in intermediate goods: the role of foreign growth and domestic tariffs
info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion