chap16 - Introduction Modeling new goods Kaldor's stylized...

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Unformatted text preview: Introduction Modeling new goods Kaldor's stylized facts of economic growth The neo-classical model and the Solow residual Empirical pictures Endogenous growth An experiment in geographical economics Conclusions CHAPTER 16; NEW GOODS, GROWTH & DEVELOPMENT International Trade & the World Economy; Charles van Marrewijk Explanations for trade Classical 2. Opportunity costs 3. Comparative advantage Neo-classical 4. Production structure 5. Factor prices 6. Production volume 7. Factor abundance 1. The world economy New trade 9. Imperfect competition 10. Intra-industry trade Policy 8. Trade policy 11. Strategic trade policy 12. Int. trade organizations 13. Economic integration 17. Applied trade policy modeling Economic geography New interactions 14. Geographical economics 15. Multinationals 16. New goods, growth, and development Industrial organization International business Growth theory Part I Part II Part III Part IV 18. Concluding remarks Introduction Modeling new goods Kaldor's stylized facts of economic growth The neo-classical model and the Solow residual Empirical pictures Endogenous growth An experiment in geographical economics Conclusions CHAPTER 16; NEW GOODS, GROWTH & DEVELOPMENT International Trade & the World Economy; Charles van Marrewijk Introduction International Trade & the World Economy; Charles van Marrewijk Objectives / key terms New goods Variety / quality Kaldor's stylized facts Neo-classical growth model Solow residual Endogenous growth model Discount rate Geography experiment Paul Romer (1955 - ) Introduction Modeling new goods Kaldor's stylized facts of economic growth The neo-classical model and the Solow residual Empirical pictures Endogenous growth An experiment in geographical economics Conclusions CHAPTER 16; NEW GOODS, GROWTH & DEVELOPMENT International Trade & the World Economy; Charles van Marrewijk Modeling new goods International Trade & the World Economy; Charles van Marrewijk Number of varieties quantity q N t = 0 N t = 1 The variety approach variety quality 1 2 3 4 5 9 8 7 6 14...
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chap16 - Introduction Modeling new goods Kaldor's stylized...

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