Growth and Interdependence
结合国际贸易的要素价格均等化定理与拉姆齐增长模型,解释了战后国际增长中条件收敛和东亚出口导向型经济高速增长两个现象。
Two of the most interesting facts of the postwar international growth experience are (1) the conditional convergence finding that, after controlling for measures of education and government policies, poor countries tend to grow faster than rich ones; and (2) a small group of export-oriented economies in East Asia have been able to grow at rates that are so high that they defy historical comparisons. This paper shows that it is possible to explain these facts by combining a weak form of the factor-price-equalization theorem of international trade with the Ramsey model of economic growth.