NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Trade and the Diffusion of the Industrial Revolution

Robert E. Lucas, Jr.

NBER Working Paper No. 13286
Issued in August 2007
NBER Program(s):   EFG

A model is proposed to describe the evolution of real GDPs in the world economy that is intended to apply to all open economies. The five parameters of the model are calibrated using the Sachs-Warner definition of openness and time-series and cross-section data on incomes and other variables from the 19th and 20th centuries. The model predicts convergence of income levels and growth rates and has strong but reasonable implications for transition dynamics.

download in pdf format
   (332 K)

email paper

This paper is available as PDF (332 K) or via email.

This paper was revised on September 14, 2007

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w13286

Published: Robert E. Lucas, 2009. "Trade and the Diffusion of the Industrial Revolution," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 1-25, January. citation courtesy of

Users who downloaded this paper also downloaded these:
Lucas and Moll w17495 Knowledge Growth and the Allocation of Time
Alvarez and Lucas w11764 General Equilibrium Analysis of the Eaton-Kortum Model of International Trade
Golosov and Lucas w10187 Menu Costs and Phillips Curves
Alvarez, Buera, and Lucas w14135 Models of Idea Flows
Lucas w14133 Ideas and Growth
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us