Trade, knowledge spillover and economic growth: a theoretical implication from the knowledge-driven economic growth model

Title
Trade, knowledge spillover and economic growth: a theoretical implication from the knowledge-driven economic growth model
Authors
Jaewha Lee
Keywords
logistics, trade, knowledge, growth
Issue Date
2004
Publisher
인하대학교 정석물류통상연구원
Series/Report no.
Journal of international logistics and tradevol.1 no.2
Abstract
This paper considers a broader concept of economic integration in order to
analyze the impact of integration on economic growth within the context of the
knowledge-driven endogenous economic growth model. The equilibrium growth
rate derived from the model implies that while increasing the flow of ideas from
integration speeds up the long-run rate of growth, impact of trade liberalization is
complicated and not decisive. The overall impact of economic integration on
economic growth depends on various aspects of the economy which are related to
its R&D investment such as knowlege spillovers, and industrial and market
structures. The results of this paper suggest that policy makers need to consider
international economic policy, market structure and industrial policy all at once,
with special emphasis on the effect of firms'R&D activities when making decisions
on economic integration.
URI
http://dspace.inha.ac.kr/handle/10505/651
Appears in Collections:
연구기관 > 대학부설 연구소 > 정석물류통상연구원 > Journal of international logistics and trade
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