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Google圖書搜尋
Global Income Divergence, Trade and Industrialization
Richard E. Baldwin
Philippe J. Martin
Philippe Martin
Gianmarco I. P. Ottaviano
其他書名
The Geography of Growth Take-offs
出版
Centre for Economic Policy Research
, 1998
URL
http://books.google.com.hk/books?id=MGCyAAAAIAAJ&hl=&source=gbs_api
註釋
This paper takes a step towards formalizing the theoretical interconnections among four post-Industrial Revolution phenomena - the industrialization and growth take-off of rich northern' nations, massive global income divergence, and rapid trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and all are triggered by a gradual fall in the cost of doing business internationally. In the first stage, while trade costs are high, industry is dispersed and growth is low. In the second stage, the north industrializes rapidly, growth takes off and the south diverges. In the third stage, high growth becomes self sustaining. The model shows under which conditions, in a fourth stage, the south can quickly industrialize and converge.
