The Growth Effects of 1992
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NBER Working Paper No. 3119
Issued in September 1989
NBER Program(s): ITI IFM
This paper demonstrates that several types of dynamic trade effects can be easily quantified, at least roughly. These dynamic effects on output are found to be much larger than the static effects measured by existing empirical studies of trade liberalizations. The paper exposits and measures the Ricardian dynamic trade effect (the link between trade and steady-state level of productive factors). It also exposits and measures the Grossman-Helpman dynamic trade effect (the link between trade and the steady-state rate of accumulation of productive factors) by calibrating two of the "new" growth theory models.
Published: Economic Policy, No. 9, pp. 1-42, (1989).
This paper is available as PDF (571 K) or DjVu (407 K) (Download viewer) or via email.
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