GTAP Resources: Resource Display
| GTAP Resource #1539 |
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"Stages of development in an Endogenous Growth Model with International Trade" by Andersen, Lill and Kim Martin Lind Abstract In the paper we set up a model that encompasses three stages of development: a low-income stage characterised by factor accumulation, an intermediate stage of technology adoption and a high-income stage of R&D. The transition from one stage to a higher stage is determined endogenously. The transition from the low ´to the intermediate stage occurs as a result of international trade that enable domestic producers to adopt technolgies developed elsewhere. The transition to the high-income stage occures when the human capital stock reaches a critical level where R&D becomes a profitable activity. However, there is a danger of a developing country to be caught in an underdevelopment trap. We derive the characteristics of the development process for a closed economy, and consider the long-run characteristics of open economies. |
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Public Access  Andersen (241.3 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
