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Population growth and trade patterns in semi-endogenous growth economies

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  • Sasaki, Hiroaki

Abstract

This paper builds a two-country, two-sector (manufacturing and agriculture), semi-endogenous growth model and investigates the relationship between trade patterns and the growth rate of per capita real consumption. Under free trade, if the home country produces both goods and the foreign country specializes in agriculture, then the per capita growth rates of the home country and foreign country are equalized. By contrast, if the home country specializes in manufacturing and the foreign country specializes in agriculture, then the per capita growth rate of the home country is higher than that of the foreign country.

Suggested Citation

  • Sasaki, Hiroaki, 2017. "Population growth and trade patterns in semi-endogenous growth economies," Structural Change and Economic Dynamics, Elsevier, vol. 41(C), pages 1-12.
    • Handle: RePEc:eee:streco:v:41:y:2017:i:c:p:1-12
    DOI: 10.1016/j.strueco.2017.01.001
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    Cited by:

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    3. Sasaki, Hiroaki, 2018. "North-South Trade and Uneven Development in a Classical Conventional Wage Share Growth Model," MPRA Paper 88631, University Library of Munich, Germany.

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    More about this item

    Keywords

    Semi-endogenous growth model; Trade patterns; Population growth; Per capita consumption growth;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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