This paper examines the relationship between factor endowment, human capital formation and trade in the theory of economic growth. The paper analyses the evolution of the idea that both trade and human capital play a leading role in explaining country performance and development. Economic growth, dynamic comparative advantage, international specialization and cumulative technological progress are identified as the key ingredients that explain why countries perform differently and, at the same time, why they may tend to converge towards a common benchmark. Copyright Fondazione Giacomo Brodolini and Blackwell Publishers Ltd 1999.
Scandizzo, P.l. (1999). Growth, trade and factor endowment: a survey. LABOUR, 13(2), 509-547 [10.1111/1467-9914.00105].
Growth, trade and factor endowment: a survey
SCANDIZZO, PASQUALE LUCIO
1999-01-01
Abstract
This paper examines the relationship between factor endowment, human capital formation and trade in the theory of economic growth. The paper analyses the evolution of the idea that both trade and human capital play a leading role in explaining country performance and development. Economic growth, dynamic comparative advantage, international specialization and cumulative technological progress are identified as the key ingredients that explain why countries perform differently and, at the same time, why they may tend to converge towards a common benchmark. Copyright Fondazione Giacomo Brodolini and Blackwell Publishers Ltd 1999.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
