Title of article
Import substitutionandeconomicgrowth
Author/Authors
Mauro Rodrigues، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2010
Pages
14
From page
175
To page
188
Abstract
DespiteLatinAmerica’sdismalperformancebetweenthe1950sand1980s,theregion
experiencedstrongcapitaldeepening.Wesuggestthatthesefactscanbeexplainedasa
consequenceoftherestrictivetraderegimeadoptedatthattime.Ourframeworkis
basedonadynamicHeckscher–Ohlinmodel,withscaleeconomiesinthecapital-
intensivesector.Initially,theeconomyisopenandproducesonlythelabor-intensive
good. Thetraderegimeismodeledasamovetoaclosedeconomy.Themodelproduces
results consistentwiththeLatinAmericanexperience.Specifically,asufficientlysmall
countryexperiencesnolong-runincomegrowth,butanincreaseincapital.
Keywords
Trade policyGrowthLatin America
Journal title
Journal of Monetary Economics
Serial Year
2010
Journal title
Journal of Monetary Economics
Record number
846383
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