INTERNATIONAL TRADE AND INDUSTRIALIZATION WITH CAPITAL ACCUMULATION AND SKILL ACQUISITION

作者: HIROAKI SASAKI

DOI: 10.1111/J.1467-9957.2008.01070.X

关键词: Capital accumulationMarket economyAutarkyFree tradeEconomicsSmall open economyCapital deepeningEconomic sectorInternational tradePhysical capitalIndustrialisation

摘要: In this paper we develop a small open economy three-sector model of semi-endogenous growth that consists an agricultural sector, manufacturing sector and skill-producing analyze the relationship between specialization processes economic growth. The main results are as follows: (i) for sustainability complete in manufacturing, rate population at home must exceed ROW; (ii) it is possible scarce both capital stock skills industrializes by delaying time when switches from autarky to free trade; (iii) under trade, abundant (skills) but (capital stock) likely asymptotically specialize agriculture.

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