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TRADE DETERMINANTS AS SOURCES OF ECONOMIC GROWTH An Empirical Inquiry

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  • Vollrath, Thomas L.
  • Johnston, Paul V.

Abstract

Trade specialization patterns generally correspond to the stages of development explanation of growth. Commercial policy distortions and factor intensity reversals explain why trade does not always fit the skilled labor continuum. Calculated income elasticities with respect to openness imply that economies become less dependent on international markets as they grow.

Suggested Citation

  • Vollrath, Thomas L. & Johnston, Paul V., 1990. "TRADE DETERMINANTS AS SOURCES OF ECONOMIC GROWTH An Empirical Inquiry," 1990 Annual meeting, August 5-8, Vancouver, Canada 270739, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea90:270739
    DOI: 10.22004/ag.econ.270739
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    References listed on IDEAS

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