Terms of trade, economic growth, and trade patterns: a small open-economy case

Kaneko, Akihiko

doi:10.1016/s0022-1996(99)00052-5

Cited by 25 publications

(18 citation statements)

References 13 publications

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“…In the sense that technology exhibits constant returns to aggregate capital, this model is in line with the AK models of endogenous growth and taxation (e.g., Eaton, 1981;Rebelo, 1991). Our model can be viewed as the limit of Baxter's (1992) neoclassical model, with the factor share of capital approaching unity, or as the steady state of Kaneko's (2000) two-capital model. 2 The advantage of our onecapital model is that we may focus on the steady state to obtain an exact analytical solution of tariff and tax reform.…”

Section: Introductionsupporting

confidence: 52%

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Tariff and tax reform: Dynamic implications

Naito

2006

Journal of International Economics

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Section: Introductionsupporting

confidence: 52%

“…Following Baxter (1992) and Kaneko (2000), we assume that a capital good (called good 1) is either invested or consumed, whereas a consumption good (called good 2) is only consumed. Each good is produced from capital, which is an aggregate of physical and human components.…”

Section: Introductionmentioning

confidence: 99%

Tariff and tax reform: Dynamic implications

Naito

2006

Journal of International Economics

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“…Bond and Trask (1997) and Kaneko (2000) show that this property holds also in a small, open, endogenous growth model with physical and human capital accumulations.…”

Section: Balanced Growth Pathmentioning

confidence: 92%

Productive Government Spending, Patterns of Specialization and Economic Growth in a Small Open Economy

Ohdoi

2007

Japanese Econ Rev

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Constructing a two-sector small open endogenous growth model with productive government spending, this paper examines patterns of specialization and the growth effects of fiscal policy. It is shown in this model that a change in income tax rate can cause a change in an equilibrium pattern of specialization. Because of this property, the relationship between the tax rate and the growth rate yields either a humped shape or a two-humped shape, depending on world commodity prices. We also show that the growth maximizing tax rate is not necessarily equal to the tax rate that maximizes the level of social welfare.

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“…He concludes that by exploiting comparative advantage and enhancing efficiency, trade liberalization, both in capital goods and consumption goods, benefits developed and developing countries. Kaneko (2000) illustrates the importance of the composition of trade as a driver of economic growth. He concludes that trade promotes economic growth if the country specializes in consumption commodities; when it specializes in capital goods, trade has no measureable impact on growth.…”

mentioning

confidence: 99%

Trade and intellectual property rights as channels for economic growth

Chen

Jiang

et al. 2013

Asia-Pacific Journal of Accounting & Economics

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This paper investigates two prominent potential drivers of long-run economic growth: a country's trade regime and its intellectual property rights (IPR) regime, as well as their interaction. We characterize the combination of these policy-driven regimes as a country's technology development regime. To test the importance of our specification of the technology regime, the paper derives a parsimonious model for testing their impact on the growth of living standards. The empirical analysis is conducted using a panel of 24 developed countries and 78 developing countries spanning 1980-2005. Our estimates highlight the importance of the technology development regime variables in driving the growth of gross domestic product per capita. In particular, the IPR regime stands out for its direct impact on growth and as a channel through which trade interacts to impact growth. The results support the view that a country's graduating into the ranks of higher income status may require that both IPR and trade regimes, particularly the former, be well developed.

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Terms of trade, economic growth, and trade patterns: a small open-economy case

Cited by 25 publications

References 13 publications

Tariff and tax reform: Dynamic implications

Tariff and tax reform: Dynamic implications

Productive Government Spending, Patterns of Specialization and Economic Growth in a Small Open Economy

Trade and intellectual property rights as channels for economic growth

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