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Dynamics, Economic Growth, and International Trade
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summary
While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. Contributors include Eric W. Bond, Theo S. Eicher, Rolf F-re, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong. Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle.

Table of Contents

  1. Cover
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  1. Frontmatter
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  1. Contents
  2. pp. vii-viii
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  1. List of Figures
  2. pp. ix-xi
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  1. List of Tables
  2. p. xii
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  1. Contributors
  2. p. xiii
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  1. Part I. Introduction
  2. p. 1
  1. 1. Introduction
  2. pp. 3-9
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  1. 2. Endogenous Growth and International Trade: A Survey
  2. pp. 11-74
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  1. Part II. Dynamics of Basic Trade Models
  2. p. 75
  1. 3. General Equilibrium Dynamics of Basic Trade Models for Growing Economies
  2. pp. 77-126
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  1. 4. Endogenous Growth, Trade, and Specialization under Variable Returns to Scale: The Case of a Small Open Economy
  2. pp. 127-150
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  1. 5. Dynamic Foundations for the Factor Endowment Model of International Trade
  2. pp. 151-168
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  1. Part III. Growth and Trade with Endogenous Accumulation of Human or Public Capital
  2. p. 169
  1. 6. Public and Private Capital in an Endogenously Growing Open Economy
  2. pp. 171-210
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  1. 7. Trade and Growth with Endogenous Human and Physical Capital Accumulation
  2. pp. 211-240
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  1. Part IV. Economic Growth, Technological Progress, and International Trade
  2. p. 241
  1. 8. Efficiency and Productivity in Rich and Poor Countries
  2. pp. 243-263
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  1. 9. Interpreting East Asian Growth
  2. pp. 265-286
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  1. Part V. Dynamics, Economic Growth, and International Factor Movement
  2. p. 287
  1. 10. Endogenous Growth and International Labor Migration: The Case of a Small, Emigration Economy
  2. pp. 289-336
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  1. 11. The Human Capital Dimension to Foreign Direct Investment: Training, Adverse Selection, and Firm Location
  2. pp. 337-364
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