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Free Trade and Economic Growth
Author(s) -
Kuo KuoHsing,
Lee ChengTe,
Fang Chen
Publication year - 2014
Publication title -
australian economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 15
eISSN - 1467-8454
pISSN - 0004-900X
DOI - 10.1111/1467-8454.12021
Subject(s) - openness to experience , economics , economic integration , trade barrier , free trade , international trade , international economics , international free trade agreement , psychology , social psychology
This paper extends the D as (2005) model to set up an equilibrium growth model with heterogeneous labor to analyse the growth effects after trade openness. We prove that if the terms of trade large enough before opening trade, then it is more likely that opening trade would accelerate economic growth for a small open country, vice versa .

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