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Endogenious Technological Change in a Neoclassical Growth Model of a Small Open Economy

机译:小型开放经济的新古典增长模型中的内源技术变革

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摘要

This paper develops an open-economy growth model by augmenting the standard neoclassical growth model. It explores the various channels through which the export sector contributes to long-run per capita income growth of a small developing economy. The model shows that, depending on the rate of expansion of the export sector, an economy can experience positive growth rate in per capita income even in the long run. Thus, the model's predictions are consistent with the spectacular growth performance of the Asian NICs.
机译:本文通过增强标准新古典增长模型来开发开放经济增长模型。 它探讨了出口部门促进小型发展中经济体长期收入增长的各种渠道。 该模型表明,根据出口部门的扩张率,即使从长远来看,经济也可以经历人均收入的正增长率。 因此,模型的预测与亚洲NIC的壮观生长表现一致。

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