Title: Learning by doing, changes in industrial structure and trade patterns, and economic growth in a small open economy
Abstract: This paper presents a simple dynamic model which allows for changes in both industrial structure and trade patterns during the process of economic growth. Learning by doing in the producer-service sector is the source of endogenous growth. Interesting interdependences between economic growth and the structure of the economy are obtained: economic growth is accompanied by changes in industrial structure and comparative advantage, while changes in industrial composition of the manufacturing sector accelerate economic growth. Furthermore, this paper analyzes the relationship between economic growth and the endowment structure, and the effects of two types of technology transfers on economic growth.
Publication Year: 1992
Publication Date: 1992-11-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 22
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