Learning by Doing, Trade in Capital Goods and Growth Goh, Ai-Ting; Olivier, Jacques

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Authors
Goh, Ai-Ting ; Olivier, Jacques
Appears In
Journal of International Economics
Subjects
International economic relations -- Analysis; Economic Statistics & Research; Economics
Audience
Academic
Summary
This paper aims at reconciling theoretical models of endogenous growth with the empirical evidence on trade and growth. In particular, we show that the conventional wisdom according to which trade is growth-impairing for a country with comparative advantage in goods with limited opportunities for learning fails to hold when the imported good is a capital good. The intuition is that the country gains access to cheaper capital goods, which raises investment, output per worker and learning by doing. Keywords: International trade; Capital accumulation; Endogenous growth; Learning by doing JEL classification: F10; O41
Bookmark
http://trove.nla.gov.au/work/167438
Work ID
167438

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e.g. test cricket, Perth (WA), "Parkes, Henry"

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