Theoretical and Applied Economics
No. 2 / 2019 (619), Summer
Trade in a two sector endogenous growth model with two accumulating factors
University of Greifswald, Germany
Abstract. This paper provides an endogenous growth model including technology diffusion induced by openness. A two sector model composed of a consumption good sector and an education sector shows that the openness leads to a compensation of the lack considering the human capital stock. It is a comparison between a relatively less developed country, which does not use physical capital in the education sector, and a relatively developed country using both, human and physical capital in the education sector. By importing a relatively human capital intensive good, the relatively less developed country benefits from technology diffusion. This paper shows, that introducing trade implies a higher growth rate than in a closed economy.
Keywords: endogenous growth, accumulating factors, trade.
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Contents
- The education and training.
Priorities of the European Union
Constantin ANGHELACHE
Gabriela Victoria ANGHELACHE
Mădălina Gabriela ANGHEL
- Posted offers in exogenous networks:
A theoretical application and experimental results
Lisa BREGER
Andrea SORENSEN
- The role of Japan in the development
of emerging markets in Asia.
Key lessons learned for China
Ionela VOINEA
- Empirical examination of the stability of expectations –
Augmented Phillips Curve for developing
and developed countries
Yhlas SOVBETOV
Muhittin KAPLAN
- The causality between economic growth and stock market
in developing and developed countries:
Toda-Yamamoto approach
Bilgehan TEKIN
Erol YENER
- Government failure vs. Market failure.
The implications of incomplete information
Rareș Petru MIHALACHE
Dumitru Alexandru BODISLAV
- Foreign direct investment
and total factor productivity in South Asia
Zaira ADNAN
Mamta CHOWDHURY
Girijasankar MALLIK
- Exploring the nexus between macroeconomic variables
and stock market returns in Germany:
An ARDL Co-integration approach
Riadh El ABED
Amna ZARDOUB
- Exchange rate regimes and its impact on growth:
An empirical analysis of BRICS countries
Babu Rao G.
- Dynamics of business cycle
and long-term economic growth of Pakistan
Usama Ehsan KHAN
Syed Monis JAWED
- Per capita gross domestic product
and welfare of Gabonese households:
A VAR model with exogenous hypothesis
Giscard ASSOUMOU-ELLA
- Co-integration with regime shift between government
expenditure and poverty reduction in Algeria
Hicham AYAD
- Trade in a two sector endogenous growth model
with two accumulating factors
Birgit KIRSCHBAUM-BEHL
- What discriminates the welfare outcomes of children in India.
A multiple discriminant analysis in selected states
Atul MEHTA
Joysankar BHATTACHARYA
