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Buchumschlag
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Maurer, Rainer (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Tübingen Mohr Siebeck 1998
Schriftenreihe:Kieler Studien 289
Schlagwörter:
Développement économique - Modèles économétriques
Economische groei
Equipement industriel - Industrie et commerce - Modèles économétriques
Groeimodellen
Internationale handel
Kapitaalgoederen
Welthandel
Wirtschaftsentwicklung
Ökonometrisches Modell
International trade > Econometric models
Industrial equipment > Econometric models
Economic development > Econometric models
Außenhandel
Wirtschaftswachstum
Investitionsgüterimport
Investitionsgut
Handel
Links:http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008132500&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Umfang:XIII, 246 S. graph. Darst.
ISBN:3161469224
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Datensatz im Suchindex

DE-BY-UBR_call_number 40/QM 000 M453
DE-BY-UBR_katkey 2363260
DE-BY-UBR_location UB Lesesaal Wirtschaft
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adam_text Contents A. Overview: Economic Growth and International Trade with Capital Goods 1 B. Economic Reasoning on Trade and Growth 4 I. The Old and the New Gains from International Trade 4 1. Historical Origins of Theories of International Trade 4 2. Basic Elements of the New and Old Theories of International Trade 7 a. The Gains from Trade in the Old Theories of International Trade 8 b. The Gains from Trade in the New Theories of International Trade 9 II. International Trade in Solow Ramsey Growth Models 16 1. The One Sector Solow Ramsey Model: Intertemporal Trade .... 16 a. The Setup of the Solow Ramsey Model 16 b. The Autarky Steady State in the Solow Ramsey Model 19 c. The Free Trade Steady States in the Solow Ramsey Model 22 2. Trade Policy and the Price of Capital in the Solow Ramsey Model 31 III. International Trade in Models of Endogenous Growth 34 1. Growth and International Integration: The Rivera Batiz Romer Model 34 a. The Requirements for Endogenous Growth 34 b. The Analysis of the Dynamic Implications of International Integration 38 2. Comparative Advantage for Growth? The Grossman Helpman Analysis 48 3. Immobile Knowledge and Structural Hysteresis: The Worst Case Scenario for Growth? On Low Tech and High Tech Traps 54 a. Structural Hysteresis in the Grossman Helpman Model 55 b. Structural Hysteresis in the Rivera Batiz Romer Model 58 VIII Contents IV. Summary: Theoretical Interrelationships of International Trade and Economic Growth 77 1. The Results of the Theoretical Analysis 77 2. Implications for the Empirical Analysis 80 C. Empirical Findings on Economic Growth and International Trade with Capital Goods 81 I. The Time Series Behavior of Economic Growth 81 1. Just Good Luck or Does Policy Matter? 81 a. Low or High Persistence? The Easterly Kremer Pritchett Summers Analysis 82 b. Testing for Unit Roots — Econometric Strategies 86 c. The Results of Unit Root Tests for Individual Countries 88 d. The Results of the Levin Lin Panel Data Unit Root Test 92 e. Do Structural Breaks Explain the Differences of Subperiod Growth Rates? 93 f. Mean Reversion to What Mean? 95 g. Lessons from the Time Series Behavior of Economic Growth 96 2. Do Trade Reforms Cause Structural Breaks in the Time Series Behavior of Economic Growth? 98 a. Trade Liberalization Episodes and Growth Performance — The Results of a World Bank Study 99 b. Time Series Tests for the Long Run and Short Run Impact of Trade Liberalization Episodes on Economic Growth 101 c. Test for an Unknown Structural Break 105 II. The Impact of International Trade with Capital Goods on Economic Growth 116 1. The Impact of Capital Goods Import Tariffs on Capital Accumulation 116 a. Stylized Facts on International Trade with Capital Goods .... 116 b. A Simple Solow Swan Model with Differentiated Capital Goods I23 c. Measures of Import Restrictions on Capital Goods 128 d. The Estimation Results 136 Contents IX 2. The Impact of International Trade with Capital Goods on Total Factor Productivity 147 a. Theoretical Framework and Empirical Implementation 147 b. Data and Estimation Procedure 148 c. Estimation Results 150 d. The Quantitative Impact of the R D Activities of G7 Countries 155 D. Conclusions: The Role of International Trade with Capital Goods in Economic Development 158 E. Appendices 162 Appendix 1: Determination of the Technical Elasticity of Substitution for Differentiated Goods 162 Appendix 2: Determination of First Order and Second Order Effects of a New Input in a General Neoclassical Function 163 Appendix 3: The Solow Ramsey Growth Model 164 Appendix 4: The Rivera Batiz Romer Model under Different Assumptions Concerning International Patent Protection and International Mobility of Techno logical Knowledge 172 Appendix 5: Trade Hysteresis in the Rivera Batiz Romer Model 185 Appendix 6: Results of Section C.I. 1 201 Appendix 7: How Important Are Mean Reverting Growth Rates if the Level of Per Capita GDP Follows a Random Walk? 210 Appendix 8: Bayesian Criticism on Classical Unit Root Tests 216 Appendix 9: Results of Section C.I.2 220 Appendix 10: A Solow Swan Model with Differentiated Capital Goods 222 Appendix 11: Results of Section C.II. 1 231 References 239 Index 245 List of Tables Table 1 — Growth and International Integration in the Rivera Batiz Romer Model 42 Table 2 — Correlation Coefficients of Real Per Worker GDP Growth Rates, 1960 1970/1970 1980 and 1970 1980/1980 1988 84 Table 3— Test Statistics for the Country Specific Unit Root Tests 90 Table 4 — Levin Lin Panel Data Unit Root Test for GDP Per Worker Growth Rates, 1960 1985 93 Table 5 — Annual Real GDP Growth Rate Before and After a Trade Liberalization Period 100 Table 6 — Tests for the Long Run Impact of Trade Liberalization Episodes on the Time Series Behavior of Real Per Worker GDP Growth Rates 102 Table 7— Sustainability of Liberalization Episodes 104 Table 8 — Cross Country OLS Regression of Relative Capital Goods Price Index on Import Tariffs and Quantitative Restrictions .... 130 Table 9 — Cross Country OLS Regression of Relative Input Mix Value on Import Tariffs and Quantitative Restrictions, 1965 1985.... 132 Table 10— Cross Country OLS Estimation Results for the Transitional Version of a Solow Swan Model Based on the Macroversion of f, 138 Table 11 — Cross Country OLS Estimation Results for the Transitional Version of a Solow Swan Model Based on the Microversion of f, 140 Table 12— Levin Lin Panel Data Unit Root Tests for all Variables 149 Table 13— Pooled Panel Cointegrating Regressions for 22 OECD Countries 151 Table 14 — Pooled Panel Cointegrating Regressions for 16 OECD Countries 152 Table 15 — Estimates of the Elasticities of Total Factor Productivity with Respect to R D Capital Stocks in the G7 Countries, 1990 156 List of Tables XI Table A.6.1 — Results of the Unit Root Tests for 120 Countries of the Summers Heston World Table, 1950 1988 202 Table A.6.2 — Test Results for the Long Run Equilibrium Growth Rate of 120 Countries of the Summers Heston World Table, 1950 1988 207 Table A.7.1 — Levin Lin Panel Data Unit Root Test for Per Worker GDP, 1960 1985 211 Table A.7.2 — Drift/Shock Ratios of Real Per Worker GDP, 1960 1985 .... 213 Table A.9.1 — Immediate Effects of Trade Liberalization Episodes on Economic Growth 220 Table A. 11.1 — Estimation Results for the Steady State Version of a Solow Swan Model Based on the Macroversion of V, 234 Table A. 11.2 — Estimation Results for the Steady State Version of a Solow Swan Model Based on the Microversion of V, 235 Table A. 11.3 — Indicators of Import Tariffs and Quotas on Capital Goods and Relative Capital Goods Prices and Input Ratios 236 List of Figures Figure 1 —The Geometry of the New Gains from Trade 11 Figure 2 — The Standard Solow Ramsey Model with Exogenous Productivity Growth 17 Figure 3 — The Autarky Steady States in Country A and B 20 Figure 4 — Free Trade Transition Path with Out of Steady State Starting Position of Country B 24 Figure 5 — Free Trade Transition Path with Out of Steady State Starting Position of Country A and B 26 Figure 6 — Free Trade Steady State with Out of Steady State Starting Position of Country A 27 Figure 7 — Free Trade Steady State with Higher Rate of Time Preference in Country A 29 Figure 8 — The Rivera Batiz Romer Model of Endogenous Growth 39 Figure 9 — The Grossman Helpman Model of Dynamic Comparative Advantage 49 Figure 10 — The Grossman Helpman Model of Structural Hysteresis 56 Figure 11 — A Rivera Batiz Romer Type Model of Hysteresis 59 Figure 12 — Steady State (1): North and South Perform Manufacturing and R D 62 Figure 13 — Steady State (2): The North Performs Manufacturing and R D, the South Is Specialized in Manufacturing 66 Figure 14 — Steady State (3): The North Is Specialized in R D, the South Is Specialized in Manufacturing 68 Figure 15 — Steady State (4): The North Is Specialized in R D, the South Performs Manufacturing and R D 69 Figure 16 — Steady State (2): Ratio of Per Capita GDP North versus South Depending on Labor Force Size 74 Figure 17 — Steady State (3): Ratio of Per Capita GDP North versus South in Dependence of the Labor Force of the South 75 Figure 18 — Growth Rates of Per Worker GDP, 1960 1973 versus 1974 1988 84 Figure 19 — Paradigmatic Types of Time Series Behavior of Economic Growth, 1951 1985 90 Figure 20 — Mean Deviaton and Posterior Probability of Structural Breaks in Per Worker GDP Growth in Trade Reform Countries, 1950 1985 107 List of Figures XIII Figure 21 — Structure of World Trade with Capital Goods, 1970 1990 117 Figure 22 — Structure of World Production of Capital Goods, 1970 1990... 119 Figure 23 — Shares of World R D Expenditures, 1980, 1985, and 1990 120 Figure 24 — Average Shares of Capital Goods Net Imports in Domestic Capital Goods Absorption, 1970 1990 121 Figure 25 — Intraindustry Trade with Capital Goods, 1965 1990 122 Figure 26 — Import Tariffs on Capital Goods and Relative Capital Goods Prices, 1985 134 Figure 27 — Import Tariffs on Capital Goods and Relative Input Mix Values, 1985 135 Figure 28 — Estimates of the 1985 GDP Components Based on the Average Actual Capital Goods Import Tariff 143 Figure 29 — Estimates of 1985 GDP Components Based on a Hypothetical 100 Percent Capital Goods Import Tariff 144 Figure 30 — Industry Shares in Total R D Expenditures of the Eight Largest OECD Countries, 1980 1990 Averages 154 Figure 31 — National Shares in Total OECD R D Expenditures, 1980 1990 Averages 155 Figure A.6.1 — Growth Rates of Per Capita GDP, 1960 1973 versus 1974 1988 201 Figure A.8.1 — Probability Density Functions for p under p = 0.9 and p = 1 and Posterior Probability Density for p under p = 0.95 217 Figure A.8.2 — Probability Density Functions for p under p = 0.9 and Posterior Probability Density for p under p=0.95 219 Figure A. 11.1 — Import Tariffs on Capital Goods and Relative Input Mix Values, 1980 231 Figure A. 11.2 — Import Tariffs on Capital Goods and Relative Input Mix Values, 1975 231 Figure A. 11.3 — Import Tariffs on Capital Goods and Relative Input Mix Values, 1970 232 Figure A. 11.4 — Import Tariffs on Capital Goods and Relative Input Mix Values, 1965 232 Figure A.I 1.5 — Import Tariffs on Capital Goods and Relative Capital Goods Prices, 1980 233
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id DE-604.BV012015687
illustrated Illustrated
indexdate 2024-12-20T10:22:51Z
institution BVB
isbn 3161469224
language English
oai_aleph_id oai:aleph.bib-bvb.de:BVB01-008132500
oclc_num 231728615
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owner DE-19
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physical XIII, 246 S. graph. Darst.
publishDate 1998
publishDateSearch 1998
publishDateSort 1998
publisher Mohr Siebeck
record_format marc
series Kieler Studien
series2 Kieler Studien
spellingShingle Maurer, Rainer
Economic growth and international trade with capital goods theories and empirical evidence
Kieler Studien
Développement économique - Modèles économétriques ram
Economische groei gtt
Equipement industriel - Industrie et commerce - Modèles économétriques ram
Groeimodellen gtt
Internationale handel gtt
Kapitaalgoederen gtt
Welthandel
Wirtschaftsentwicklung
Ökonometrisches Modell
International trade -- Econometric models
Industrial equipment -- Econometric models
Economic development -- Econometric models
Außenhandel (DE-588)4003832-4 gnd
Wirtschaftswachstum (DE-588)4066527-6 gnd
Investitionsgüterimport (DE-588)4246784-6 gnd
Welthandel (DE-588)4065365-1 gnd
Investitionsgut (DE-588)4027566-8 gnd
Handel (DE-588)4023222-0 gnd
subject_GND (DE-588)4003832-4
(DE-588)4066527-6
(DE-588)4246784-6
(DE-588)4065365-1
(DE-588)4027566-8
(DE-588)4023222-0
title Economic growth and international trade with capital goods theories and empirical evidence
title_auth Economic growth and international trade with capital goods theories and empirical evidence
title_exact_search Economic growth and international trade with capital goods theories and empirical evidence
title_full Economic growth and international trade with capital goods theories and empirical evidence Rainer Maurer
title_fullStr Economic growth and international trade with capital goods theories and empirical evidence Rainer Maurer
title_full_unstemmed Economic growth and international trade with capital goods theories and empirical evidence Rainer Maurer
title_short Economic growth and international trade with capital goods
title_sort economic growth and international trade with capital goods theories and empirical evidence
title_sub theories and empirical evidence
topic Développement économique - Modèles économétriques ram
Economische groei gtt
Equipement industriel - Industrie et commerce - Modèles économétriques ram
Groeimodellen gtt
Internationale handel gtt
Kapitaalgoederen gtt
Welthandel
Wirtschaftsentwicklung
Ökonometrisches Modell
International trade -- Econometric models
Industrial equipment -- Econometric models
Economic development -- Econometric models
Außenhandel (DE-588)4003832-4 gnd
Wirtschaftswachstum (DE-588)4066527-6 gnd
Investitionsgüterimport (DE-588)4246784-6 gnd
Welthandel (DE-588)4065365-1 gnd
Investitionsgut (DE-588)4027566-8 gnd
Handel (DE-588)4023222-0 gnd
topic_facet Développement économique - Modèles économétriques
Economische groei
Equipement industriel - Industrie et commerce - Modèles économétriques
Groeimodellen
Internationale handel
Kapitaalgoederen
Welthandel
Wirtschaftsentwicklung
Ökonometrisches Modell
International trade -- Econometric models
Industrial equipment -- Econometric models
Economic development -- Econometric models
Außenhandel
Wirtschaftswachstum
Investitionsgüterimport
Investitionsgut
Handel
url http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008132500&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
volume_link (DE-604)BV000001650
work_keys_str_mv AT maurerrainer economicgrowthandinternationaltradewithcapitalgoodstheoriesandempiricalevidence
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