Convergence, divergence and changing trade patterns: theoretical inquiries into the role of preferences, factor accumulation, technological change and government intervention

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Physica-Verlag, 1995 - Business & Economics - 149 pages
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This book constitutes a theoretical inquiry into the reasons for convergence, divergence and, in a trade theoretic perspective, for a reversal of trade patterns. It describes various mechanisms determining factor rewards and the change of trade patterns of growing economies. Special attention is paid to the effects of internationally differing preferences, unequal factor accumulation, technological change and government intervention. The chapters of this book are in the tradition of the "new" growth and trade theory and elaborate novel results, especially with respect to factor rewards, convergence and trade patterns. It also contains appendices to the individual chapters deriving the results in the main text in a very explicit and informative way.

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Transitional dynamics convergence and international capital flows in twocountry models of innovation and growth
The role of technological change factor

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