The home market effect, economic growth, and the dynamic trade patterns

In spite of increasing globalization, the effects of international trade on economic growth remain unclear. I consider an endogenous economic growth model in an open economy with the home market effect and non-homothetic preferences to identify the determinants of the various results in this relatio...

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Autores:
Giraldo Salazar, Iader
Tipo de recurso:
Article of investigation
Fecha de publicación:
2019
Institución:
Colegio de Estudios Superiores de Administración
Repositorio:
Repositorio CESA
Idioma:
eng
OAI Identifier:
oai:repository.cesa.edu.co:10726/5084
Acceso en línea:
http://hdl.handle.net/10726/5084
https://doi.org/10.1080/08853908.2019.1635055
Palabra clave:
International trade
Economic growth
Home market effect
Non-homothetic preferences
Rights
License
Acceso Restringido
id CESA2_2abf465444c41e221ba31a1a2b1c0f6d
oai_identifier_str oai:repository.cesa.edu.co:10726/5084
network_acronym_str CESA2
network_name_str Repositorio CESA
repository_id_str
spelling Giraldo Salazar, Iader472a9614-14f9-4084-b202-fcb367279fdf600Giraldo Salazar, Iader [0000-0003-3068-6384]Giraldo Salazar, Iader [57200334862]2023-06-21T22:23:05Z2023-06-21T22:23:05Z2019-07-090885-3908http://hdl.handle.net/10726/5084instname:Colegio de Estudios Superiores de Administración – CESAreponame:Biblioteca Digital – CESArepourl:https://repository.cesa.edu.co/1521-0545https://doi.org/10.1080/08853908.2019.1635055engTaylor & Francis Inc.The home market effect, economic growth, and the dynamic trade patternsarticlehttp://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARThttp://purl.org/coar/version/c_71e4c1898caa6e32Acceso Restringidohttp://vocabularies.coar-repositories.org/access_rights/c_16ec/http://purl.org/coar/access_right/c_16ecIn spite of increasing globalization, the effects of international trade on economic growth remain unclear. I consider an endogenous economic growth model in an open economy with the home market effect and non-homothetic preferences to identify the determinants of the various results in this relationship. The model shows how trade between similar countries leads to convergence in economic growth when knowledge spillovers are present, while trade between highly asymmetric countries produces divergence and may become trade in a poverty or growth trap. Besides, international trade does not necessarily imply greater welfare, as is usual in a static context under CES preferences.https://orcid.org/0000-0003-3068-6384https://www.scopus.com/authid/detail.uri?authorId=57200334862336555580The International Trade JournalInternational tradeEconomic growthHome market effectNon-homothetic preferences10726/5084oai:repository.cesa.edu.co:10726/50842023-10-02 18:59:55.954metadata only accessBiblioteca Digital - CESAbiblioteca@cesa.edu.co
dc.title.eng.fl_str_mv The home market effect, economic growth, and the dynamic trade patterns
title The home market effect, economic growth, and the dynamic trade patterns
spellingShingle The home market effect, economic growth, and the dynamic trade patterns
International trade
Economic growth
Home market effect
Non-homothetic preferences
title_short The home market effect, economic growth, and the dynamic trade patterns
title_full The home market effect, economic growth, and the dynamic trade patterns
title_fullStr The home market effect, economic growth, and the dynamic trade patterns
title_full_unstemmed The home market effect, economic growth, and the dynamic trade patterns
title_sort The home market effect, economic growth, and the dynamic trade patterns
dc.creator.fl_str_mv Giraldo Salazar, Iader
dc.contributor.author.spa.fl_str_mv Giraldo Salazar, Iader
dc.contributor.orcid.none.fl_str_mv Giraldo Salazar, Iader [0000-0003-3068-6384]
dc.contributor.scopus.none.fl_str_mv Giraldo Salazar, Iader [57200334862]
dc.subject.proposal.none.fl_str_mv International trade
Economic growth
Home market effect
Non-homothetic preferences
topic International trade
Economic growth
Home market effect
Non-homothetic preferences
description In spite of increasing globalization, the effects of international trade on economic growth remain unclear. I consider an endogenous economic growth model in an open economy with the home market effect and non-homothetic preferences to identify the determinants of the various results in this relationship. The model shows how trade between similar countries leads to convergence in economic growth when knowledge spillovers are present, while trade between highly asymmetric countries produces divergence and may become trade in a poverty or growth trap. Besides, international trade does not necessarily imply greater welfare, as is usual in a static context under CES preferences.
publishDate 2019
dc.date.issued.none.fl_str_mv 2019-07-09
dc.date.accessioned.none.fl_str_mv 2023-06-21T22:23:05Z
dc.date.available.none.fl_str_mv 2023-06-21T22:23:05Z
dc.type.none.fl_str_mv article
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.coar.none.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.driver.none.fl_str_mv info:eu-repo/semantics/article
dc.type.redcol.none.fl_str_mv http://purl.org/redcol/resource_type/ART
dc.type.coarversion.none.fl_str_mv http://purl.org/coar/version/c_71e4c1898caa6e32
format http://purl.org/coar/resource_type/c_2df8fbb1
dc.identifier.issn.none.fl_str_mv 0885-3908
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10726/5084
dc.identifier.instname.none.fl_str_mv instname:Colegio de Estudios Superiores de Administración – CESA
dc.identifier.reponame.none.fl_str_mv reponame:Biblioteca Digital – CESA
dc.identifier.repourl.none.fl_str_mv repourl:https://repository.cesa.edu.co/
dc.identifier.eissn.none.fl_str_mv 1521-0545
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1080/08853908.2019.1635055
identifier_str_mv 0885-3908
instname:Colegio de Estudios Superiores de Administración – CESA
reponame:Biblioteca Digital – CESA
repourl:https://repository.cesa.edu.co/
1521-0545
url http://hdl.handle.net/10726/5084
https://doi.org/10.1080/08853908.2019.1635055
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.citationvolume.none.fl_str_mv 33
dc.relation.citationissue.none.fl_str_mv 6
dc.relation.citationstartpage.none.fl_str_mv 555
dc.relation.citationendpage.none.fl_str_mv 580
dc.relation.ispartofjournal.none.fl_str_mv The International Trade Journal
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.local.none.fl_str_mv Acceso Restringido
dc.rights.coar.none.fl_str_mv http://vocabularies.coar-repositories.org/access_rights/c_16ec/
rights_invalid_str_mv Acceso Restringido
http://vocabularies.coar-repositories.org/access_rights/c_16ec/
http://purl.org/coar/access_right/c_16ec
dc.publisher.none.fl_str_mv Taylor & Francis Inc.
publisher.none.fl_str_mv Taylor & Francis Inc.
institution Colegio de Estudios Superiores de Administración
repository.name.fl_str_mv Biblioteca Digital - CESA
repository.mail.fl_str_mv biblioteca@cesa.edu.co
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