Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach

Teodorescu M (01T00:00:00Z.01.1970)
Bielefeld (Germany): Bielefeld University.

Bielefelder E-Dissertation | Englisch
 
Download
OA
OA container.tgz
OA PhD_Margareta_Teodorescu.pdf
Autor/in
Betreuer
Abstract / Bemerkung
One of the fundamental normative questions within international trade theory is whether free trade is better than autarky and, if so, in what sense and to what extent. Surprisingly, the literature contains just a few formal models constructed under discrete time and investigating the relationships between international trade and endogenous growth which provide a precise answer to this question. The main goal of this dissertation is to address this issue by developing a dynamic general equilibrium model with endogenous growth and overlapping generations that allows for a consistent dynamic analysis of the mechanism linking the growth performance and the trade performance. The analysis is conducted under the alternative scenarios of complete economic isolation and international integration. After examining the endogenous growth model in a closed economy setup, the investigation is gradually extended from an autarkic to an open country, the transition being realized in two steps. The first one addresses the impact of opening-up to and engaging in international trade upon a small open economy, whereas the dynamic two-sector model corresponding to the autarkic country is analyzed under an "open economy" framework. The special case of constant terms of trade is subsequently abandoned and a two-country model of the world economy -- with two factors, two commodities and trade in both commodities -- is investigated. We provide a detailed numerical analysis of the dynamical system and relate it to the determinants in the patterns of production specialization and commodity trade. By bringing into contrast an autarkic versus a trading world economy, the extension to a two-country model allows us to mainly investigate two transitional dynamics. The first one is whether the switch of the world economy from no trade to free trade may drive an economy to eventually converge, catch-up or overtake the other economy. The second one refers to reversals in the direction of commodity trade and of specialization in production. Using numerical simulations, we analyze the occurrence of these transitional dynamics under different scenarios.
Stichworte
Außenwirtschaftstheorie , Endogenes Wirtschaftswachstum , Globalisierung , Terms of trade , Allgemeines Gleichgewichtsmodell , , Theory of international trade , Endogenous growth , Catching-up and Overtaking (Convergence) , Terms of trade , General equilibrium model
Jahr
2008
Page URI
https://pub.uni-bielefeld.de/record/2304020

Zitieren

Teodorescu M. Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach. Bielefeld (Germany): Bielefeld University; 2008.
Teodorescu, M. (01T00:00:00Z.01.1970). Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach. Bielefeld (Germany): Bielefeld University.
Teodorescu, M. 01T00:00:00Z.01.1970 Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach. Bielefeld (Germany): Bielefeld University.
Teodorescu, M., 01T00:00:00Z.01.1970 Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach, Bielefeld (Germany): Bielefeld University.
M. Teodorescu, Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach, Bielefeld (Germany): Bielefeld University, 2008.
Teodorescu, M.: Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach. Bielefeld University, Bielefeld (Germany) (2008).
Teodorescu, Margareta. Autarky versus free trade: catching-up and overtaking? : an endogenous growth approach. Bielefeld (Germany): Bielefeld University, 2008.
Alle Dateien verfügbar unter der/den folgenden Lizenz(en):
Copyright Statement:
This Item is protected by copyright and/or related rights. [...]
Volltext(e)
Access Level
OA Open Access
Zuletzt Hochgeladen
2019-09-06T08:57:44Z
MD5 Prüfsumme
50691b54492b89a4a13765e22441aae5
Access Level
OA Open Access
Zuletzt Hochgeladen
2019-09-06T08:57:44Z
MD5 Prüfsumme
d8e32aea8872873ba9f95b8f472640a0
Access Level
OA Open Access
Zuletzt Hochgeladen
2019-09-06T08:57:44Z
MD5 Prüfsumme
132c4678d2511d0bec04cb57fb8ba185

Export

Markieren/ Markierung löschen
Markierte Publikationen

Open Data PUB

Suchen in

Google Scholar