Economics, Econometrics and Finance
8 years ago

Trade Slows Growth for Some, Speeds Up for Others in New Study.

Economics Letters
Equilibrium, convergence, and capital mobility in neoclassical models of growth
Javier A. Birchenall

Paper Summary

The article explores how economies that trade capital can reach a balance and grow over time. It shows that when countries trade capital, they can have different speeds of reaching balance. Countries importing capital grow slower, while those exporting capital grow faster.

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