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INTERNATIONAL TRADE AND GROWTH: An Overview From The Perspective of the New Growth Theory

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  • Roe, Terry
  • Mohtadi, Hamid

Abstract

The role of international trade in the new growth theory is investigated from several perspectives. following a historical outline and a brief analytical sketch of the R&D based models, the results from fitting three structural models to data are presented. Results show the relative impacts on growth from trade and R&D based policies including technological spillovers from trade. The mechnaism of inter-sectoral adjustments to the long-run growth path are also discussed. Results from selected econometric studies are reviewed. With emphasis on agriculture, this includes evidence of technological spillovers from trade, the effect of R&D expenditures on growth in total factor productivity, and the extent to which the stock of technological knowledge is accessible by others.

Suggested Citation

  • Roe, Terry & Mohtadi, Hamid, 1999. "INTERNATIONAL TRADE AND GROWTH: An Overview From The Perspective of the New Growth Theory," 1999 Annual meeting, August 8-11, Nashville, TN 271485, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:271485
    DOI: 10.22004/ag.econ.271485
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