Growth and International Trade"
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paper. Alternatively, if you have
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Click for a related paper,
Gains from Trade and Industrialization"
This paper analyzes the
relationship between industrialization, economic growth
and international trade for an economy with two sectors.
With learning by doing, the manufacturing sector grows
over time, but no learning by doing is experienced in the
agricultural sector. Along a balanced growth path (BGP),
the economy grows perpetually as the manufacturing sector
grows. This model is very much different from those
considered in the literature as along a BGP the two
sectors do not grow at the same rate and therefore the
relative price does not remain stationary. The economy is
then opened up to trade. Different patterns of trade and
production are examined, and in each of these cases the
effects of trade on industrialization and growth are
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This page was last revised on January 24, 2000.