Arbeitspapier
De-Industrialization and Trade
Baumol (1967) showed that the rate of growth of an economy slows down if a sector has lower productivity than others and the demand between goods is inelastic. This paper points out that trade is equivalent to technological progress in the tradable sector. Therefore an open economy has higher income but lower growth than a closed economy. Moreover, the reallocation of activity from one country to another country can have a negative effect on welfare when there is country-specific learning by doing.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 311
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Spilimbergo, Antonio
- Event
-
Veröffentlichung
- (who)
-
Inter-American Development Bank, Office of the Chief Economist
- (where)
-
Washington, DC
- (when)
-
1995
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Spilimbergo, Antonio
- Inter-American Development Bank, Office of the Chief Economist
Time of origin
- 1995
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