| 000 | 02334cam a22003377 4500 | ||
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| 001 | w6095 | ||
| 003 | NBER | ||
| 005 | 20211020114007.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s1997 mau fo 000 0 eng d | ||
| 100 | 1 |
_aBen-David, Dan. _95990 |
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| 245 | 1 | 0 |
_aFree Trade, Growth, and Convergence / _cDan Ben-David, Michael B. Loewy. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c1997. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w6095 |
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| 500 | _aJuly 1997. | ||
| 520 | 3 | _aWhat is the impact on output of movement towards free trade? Can trade liberalization have a permanent effect on output levels, and more importantly, does it have an impact on steady-state growth rates? The model developed here emphasizes the role" that knowledge spillovers emanating from heightened trade can have in income convergence and growth rates over the long run. The model also facilitates an analysis of the dynamic behavior of income levels and terms of trade as well as growth rates during the transition between steady states. Among the results of the model, unilateral liberalization by one country induces a level effect on the liberalizing country that reduces the income gap between it and other wealthier countries. In some cases, the liberalizing country may even leapfrog over initially wealthier countries. From the long-run growth perspective, unilateral (and multilateral) liberalization generates a positive impact on the steady-state growth of all the trading countries. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aE1 - General Aggregative Models _2Journal of Economic Literature class. |
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| 690 | 7 |
_aF1 - Trade _2Journal of Economic Literature class. |
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| 700 | 1 |
_aLoewy, Michael B. _915496 |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w6095. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w6095 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w6095 |
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_2ddc _cW-PAPER |
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_c342196 _d300758 |
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