Hostname: page-component-78c5997874-xbtfd Total loading time: 0 Render date: 2024-11-19T21:56:25.133Z Has data issue: false hasContentIssue false
  • English
  • Français

INTERNATIONAL TRADE AND INDUSTRIALIZATION WITH NEGATIVE POPULATION GROWTH

Published online by Cambridge University Press:  30 April 2014

Hiroaki Sasaki
Hiroaki Sasaki*
Affiliation:
Kyoto University
*
Address correspondence to: Hiroaki Sasaki, Graduate School of Economics, Kyoto University, Yoshida-Honmachi, Sakyo-ku, Kyoto 606-8501, Japan; e-mail: [email protected].
Get access Rights & Permissions [Opens in a new window]

Abstract

This paper builds a small-open-economy nonscale-growth model with negative population growth and investigates the relationship between trade patterns and per capita consumption growth. Under free trade, if the population growth rate is negative and its absolute value is small, the home country becomes an agricultural country. Then the long-run growth rate of per capita consumption is positive and depends on the world population growth rate. On the other hand, if the population growth rate is negative and its absolute value is large, the home country becomes a manufacturing country. Then the long-run growth rate of per capita consumption is positive and depends on both the home country and the world population growth rates. Moreover, the home country is better off under free trade than under autarky in terms of per capita consumption growth irrespective of whether the population growth is positive or negative.

Keywords

Nonscale Growth ModelNegative Population GrowthTrade Patterns
Type
Articles
Information
Macroeconomic Dynamics , Volume 19 , Issue 8 , December 2015 , pp. 1647 - 1658
Copyright
Copyright © Cambridge University Press 2014 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Christiaans, Thomas (2008) International trade and industrialization in a non-scale model of economic growth. Structural Change and Economic Dynamics 19, 221–236.CrossRefGoogle Scholar
Christiaans, Thomas (2011) Semi-endogenous growth when population is decreasing. Economics Bulletin 31, 2667–2673.Google Scholar
Dinopoulos, Elias and Thompson, Peter (1998) Schumpeterian growth without scale effects. Journal of Economic Growth 3, 313–35.CrossRefGoogle Scholar
Felderer, Bernhard (1988) The existence of a neoclassical steady state when population growth is negative. Journal of Economics 48, 413–418.CrossRefGoogle Scholar
Ferrara, Massimiliano (2011) An AK Solow model with a non-positive rate of population growth. Applied Mathematical Sciences 5, 1241–1244.Google Scholar
Howitt, Peter (1999) Steady endogenous growth with population and R&D inputs growth. Journal of Political Economy 107, 715–30.CrossRefGoogle Scholar
Jones, Charles I. (1995) R&D-based models of economic growth. Journal of Political Economy 103, 759–784.CrossRefGoogle Scholar
Jones, Charles I. (1999) Growth: With or without scale effects? American Economic Review 89, 139–44.CrossRefGoogle Scholar
Kortum, Samuel S. (1997) Research, patenting, and technological change. Econometrica 65, 1389–419.CrossRefGoogle Scholar
Kremer, Michael (1993) Population growth and technological change: One million B.C. to 1990. Quarterly Journal of Economics 108, 681–716.CrossRefGoogle Scholar
Peretto, Pietro F. (1998) Technological change and population growth. Journal of Economic Growth 3, 283–311.CrossRefGoogle Scholar
Ritschel, Albrecht (1985) On the stability of the steady state when population is decreasing. Journal of Economics 45, 161–170.Google Scholar
Sasaki, Hiroaki (2008) International trade and industrialization with capital accumulation and skill acquisition. Manchester School 76, 464–486.CrossRefGoogle Scholar
Sasaki, Hiroaki (2011a) Trade, non-scale growth, and uneven development. Metroeconomica 62, 691–711.Google Scholar
Sasaki, Hiroaki (2011b) Population growth and north–south uneven development. Oxford Economic Papers 63, 307–330.CrossRefGoogle Scholar
Segerstrom, Paul S. (1998) Endogenous growth without scale effects. American Economic Review 88, 1290–310.Google Scholar
Strulik, Holger (2005) The role of human capital and population growth in R&D-based models of economic growth. Review of International Economics 13, 129–145.CrossRefGoogle Scholar
Wong, Kar-yiu and Yip, Chong K. (1999) Industrialization, economic growth, and international trade. Review of International Economics 7, 522–540.CrossRefGoogle Scholar
Young, Alwyn (1998) Growth without scale effects. Journal of Political Economy 106, 41–63.CrossRefGoogle Scholar