Economic Integration and Endogenous Growth
研究两个相似发达经济体的一体化如何通过增加商品贸易或思想流动,永久提高全球增长率,并分析了研发部门规模报酬递增的作用。
In a world with two similar, developed economies, economic integration can cause a permanent increase in the worldwide rate of growth. Starting from a position of isolation, closer integration can be achieved by increasing trade in goods or by increasing flows of ideas. We consider two models with different specifications of the research and development sector that is the source of growth. Either form of integration can increase the long-run rate of growth if it encourages the worldwide exploitation of increasing returns to scale in the research and development sector.