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Comparative Advantage and Long-Run Growth / Gene M. Grossman, Elhanan Helpman.
- Format:
- Book
- Author/Creator:
- Grossman, Gene M.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2809.
- NBER working paper series no. w2809
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1989.
- Summary:
- We construct a dynamic, two-country model of trade and growth in which endogenous technological progress results from the profit-maximizing behavior of entrepreneurs. We study the role that the external trading environment and that trade and industrial policies play in the determination of long-run growth rates. We find that cross-country differences in efficiency at R&D versus manufacturing (i.e. comparative advantage) bear importantly on the growth effects of economic structure and commercial policies. Our analysis allows for both natural and acquired comparative advantage, and we discuss the primitive determinants of the latter.
- Notes:
- Print version record
- 1989.
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