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  • 标题:The Influence of the Commodity Composition of Trade on Economic Growth
  • 本地全文:下载
  • 作者:Vollrath, Thomas L. ; Johnston, Paul V.
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:1991
  • 期号:suppl
  • 出版社:Journal of Agribusiness
  • 摘要:Empirical evidence supports the proposition that national income growth is strongly affected by trade specialization and comparative advantage in eight economic sectors. Commercial policy distortions and factor intensity reversals explain why trade does not always fit the skilled labor continuum underlying sectors ranked along the ladder of development. Income elasticities with respect to openness imply that economies become less dependent on international markets as they grow. This article examines the effects of the commodity composition of trade on economic growth, going beyond previous analytical efforts investigating international trade and domestic growth linkages.
  • 关键词:economic growth;comparative advantage;development ladder;growth-producing sectors
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