Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22151
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dc.contributor.authorFelbermayr, Gabriel J.en_US
dc.date.accessioned2009-01-29T14:53:33Z-
dc.date.available2009-01-29T14:53:33Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/22151-
dc.description.abstractThis paper presents a simple North-South model of endogenous growth, based on learningby doing, which is consistent with the following empirical observations: (i) the price ofinvestment goods relative to consumption goods has been falling for the last 40 years inmost industrialized countries, (ii) poor countries are net importers of investment equipmentand (iii) after a period of initial convergence, the sample of open economies exhibitsremarkable stability of the per capita income distribution. In contrast to the researchtradition started by Lucas (1988), in the proposed model, specialization on the technologicallystagnant consumption sector does not entail a growth penalty.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseries|aCeGE discussion paper |x24en_US
dc.subject.jelO41en_US
dc.subject.jelF43en_US
dc.subject.ddc330en_US
dc.subject.keywordEndogenous growthen_US
dc.subject.keywordAK modelen_US
dc.subject.keywordInternational Tradeen_US
dc.subject.keywordEmbodied Technical Changeen_US
dc.subject.stwNord-Süd-Beziehungenen_US
dc.subject.stwInternationale Arbeitsteilungen_US
dc.subject.stwNeue Wachstumstheorieen_US
dc.subject.stwSchrumpfungsbrancheen_US
dc.subject.stwMehr-Sektoren-Modellen_US
dc.subject.stwLernprozessen_US
dc.subject.stwEntwicklungskonvergenzen_US
dc.subject.stwTheorieen_US
dc.titleSpecialization on a Technologically Stagnant Sector Need Not Be Bad for Growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn392926458en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:cegedp:24-

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