Article ID Journal Published Year Pages File Type
5062422 Economics Letters 2007 8 Pages PDF
Abstract

We derive a necessary and sufficient condition for the coexistence of nonbalanced constant growth paths (CGPs) for a small open economy and the rest of the world and put forth an International Growth Equalization Theorem: Competitive trade in goods equalizes growth across countries along their CGPs provided that they have the same cross-sector factor intensity difference.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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