International Trade and Growth: An Overview Using the New Growth Theory

2001 ◽  
Vol 23 (2) ◽  
pp. 423-440
Author(s):  
Terry Roe ◽  
Hamid Mohtadi
Author(s):  
Thomas Gries ◽  
Berthold Wigger ◽  
Claudia Hentschel

SummaryThis paper discusses recent contributions to the so-called new growth theory which attempt to provide an explanation for endogenous growth processes. Special attention is paid to the specification of technology in the R&D sector as well as the incorporation of new technological knowledge in an aggregated production function. The paper also presents two models that examine the effects pf international trade on national growth rates. The main line of argumentation focuses on the economic rationale behind the results of the model which are shown to be sensitive to specific assumptions of the production factor of technological know-how.


2008 ◽  
Vol 57 (2) ◽  
Author(s):  
Hans-Friedrich Eckey ◽  
Thomas Döring ◽  
Matthias Türck

AbstractIn Germany there is a discussion on the design of regional policy, whether cohesion is still appropriate or should be replaced by a regional growth policy for efficiency reasons. This discussion is most notably founded with theoretical arguments from the new growth theory as well as the (empirical) insight that despite an extensive redistribution of wealth regional differences still exist. Crucial for the effectiveness of cohesion measures is the development of regions in the long run, whether regions converge or diverge. From German convergence studies it follows that there is a tendency for convergence. Our empirical analysis gives empirical evidence that the Commontask “Improvement of Regional Economic Structure” has an influence on the convergence process.


2018 ◽  
Vol 5 (2) ◽  
pp. 87
Author(s):  
Mohamed Buheji

Being an expert with claim of being specialized in Economic Competitiveness and Innovation Indexes, I felt ashamed of my huge ignorance in endogenous growth theory and its impact on innovation. Therefore, this review holds a good intention for exploring the essence and the unique characters of the endogenous economic growth which focus on the investment in human capital, innovation, and knowledge-based economy which will lead to economic development. The endogenous innovation was tackled in this work of Antonelli (2017) to show the innovation in the creative reactions and as emergent property of the system. The author tried to illustrate the early relation between the early economics of knowledge and economics of growth, after discussing the limits of the new growth theory. The author managed to show the random events of innovation as creative response.


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