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Tariffs and Schumpeterian growth
Journal article   Peer reviewed

Tariffs and Schumpeterian growth

Elias Dinopoulos and Constantinos Syropoulos
Journal of international economics, v 42(03-04), pp 425-452
01 May 1997

Abstract

Bilateralism Economic growth Multilateralism R&D Tariffs Trade liberalization
The paper develops a dynamic multi-country, multi-commodity model of Schumpeterian growth, trade, and tariffs. The presence of a nontraded final good sector generates differences in long-run growth across countries. Furthermore, if the growth intensity of the nontraded good is lower than the growth intensity of traded goods, then the liberalization of trade raises the long-run growth of all trading partners. The paper also analyzes the implications of multilateral, bilateral and unilateral schemes of trade liberalization for long-run growth and welfare.

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#8 Decent Work and Economic Growth
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Web of Science research areas
Economics
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