Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22151 
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dc.contributor.authorFelbermayr, Gabriel J.en
dc.date.accessioned2009-01-29T14:53:33Z-
dc.date.available2009-01-29T14:53:33Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/22151-
dc.description.abstractThis paper presents a simple North-South model of endogenous growth, based on learning by doing, which is consistent with the following empirical observations: (i) the price of investment goods relative to consumption goods has been falling for the last 40 years in most industrialized countries, (ii) poor countries are net importers of investment equipment and (iii) after a period of initial convergence, the sample of open economies exhibits remarkable stability of the per capita income distribution. In contrast to the research tradition started by Lucas (1988), in the proposed model, specialization on the technologically stagnant consumption sector does not entail a growth penalty.en
dc.language.isoengen
dc.publisher|aUniversity of Göttingen, Center for European, Governance and Economic Development Research (cege) |cGöttingenen
dc.relation.ispartofseries|acege Discussion Papers |x24en
dc.subject.jelO41en
dc.subject.jelF43en
dc.subject.ddc330en
dc.subject.keywordEndogenous growthen
dc.subject.keywordAK modelen
dc.subject.keywordInternational Tradeen
dc.subject.keywordEmbodied Technical Changeen
dc.subject.stwNord-Süd-Beziehungenen
dc.subject.stwInternationale Arbeitsteilungen
dc.subject.stwNeue Wachstumstheorieen
dc.subject.stwSchrumpfungsbrancheen
dc.subject.stwMehr-Sektoren-Modellen
dc.subject.stwLernprozessen
dc.subject.stwEntwicklungskonvergenzen
dc.subject.stwTheorieen
dc.titleSpecialization on a Technologically Stagnant Sector Need Not Be Bad for Growth-
dc.typeWorking Paperen
dc.identifier.ppn392926458en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cegedp:24en

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