Export supporting strategy, distance to frontier and economic growth
This paper analyses the influence of an export supporting policy on the technical progress of a country. The model is closely related to the model by Acemoglu et al. (2006) which constitutes the context between growth and the distance to the world technology frontier but modified considering import...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2021-06-01
|
| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1548.pdf
|
| Summary: | This paper analyses the influence of an export supporting policy on the technical progress
of a country. The model is closely related to the model by Acemoglu et al. (2006) which constitutes
the context between growth and the distance to the world technology frontier but modified
considering import and export sector of a small economy. An export supporting strategy is
introduced which increases the project size in the export sector. It shows that the project size is an
influencing factor for the outcome and the growth of the technological knowledge. An economy
benefits from trade in every stage of development. Furthermore, technological small and big
countries are distinguished and analyzed, which are confronted with the exogenous world
technology frontier or rather to the endogenous world technology frontier. In both cases the
economy benefits by trade. |
|---|---|
| ISSN: | 1841-8678 1844-0029 |