Endogenous growth, asymmetric trade and resource dependence

Bretschger, Lucas and Valente, Simone (2012) Endogenous growth, asymmetric trade and resource dependence. Journal of Environmental Economics and Management, 64 (3). pp. 301-311. ISSN 0095-0696

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Abstract

The aggregate income of oil-exporting countries relative to that of oil-poor countries has been remarkably constant in recent decades, despite the existence of structural gaps in productivity growth rates. This stylized fact is rationalized in an endogenous growth model of asymmetric trade where resource-poor and resource-rich economies display productivity differences but stable income shares due to terms-of-trade dynamics. The model yields two testable predictions that deserve empirical scrutiny: (i) the asymmetric impact, between exporters and importers, of national taxes on resource use on income shares and (ii) the inverse relation between terms-of-trade dynamics and total factor productivity growth.

Item Type:	Article
Uncontrolled Keywords:	endogenous growth,exhaustible resources,international trade
Faculty \ School:	Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Environment, Resources and Conflict Faculty of Social Sciences > Research Groups > Economic Theory
Depositing User:	Pure Connector
Date Deposited:	24 Sep 2016 00:57
Last Modified:	07 Mar 2024 02:04
URI:	https://ueaeprints.uea.ac.uk/id/eprint/60332
DOI:	10.1016/j.jeem.2012.01.008

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