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dc.titleDe-industrialization and Trade
dc.contributor.authorSpilimbergo, Antonio
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.date.available2010-12-10T00:00:00
dc.date.issue1995-11-01T00:00:00
dc.description.abstractBaumol (1967) showed that the rate of growth of an economy slows down if a sector has lower productivity than others and the demand between goods is inelastic. This paper points out that trade is equivalent to technological progress in the tradable sector. Therefore an open economy has higher income but lower growth than a closed economy. Moreover, the reallocation of activity from one country to another country can have a negative effect on welfare when there is country-specific learning by doing.
dc.format.extent37
dc.identifier.doihttp://dx.doi.org/10.18235/0011581
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/De-industrialization-and-Trade.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectIntegration and Trade
dc.subjectProductivity
dc.subject.jelcodeF1 - Trade
dc.subject.jelcodeO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology
dc.subject.keywordsWP-311;industrialization
idb.identifier.pubnumberWorking Papers
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