Optimal economic growth with foreign trade and a learning industry View Full Text


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Article Info

DATE

1978-04

AUTHORS

D. W. Luke, J. V. Breakwell

ABSTRACT

Ryder (Ref. 1) has developed a simple two-sector macroeconomic model incorporatinglearning by doing as a determinant of the growth of productivity-enhancing experience and its effect on foreign trade. In this paper, optimal foreign trade and capital allocation policies are determined, in the context of the above model, for ranges of the international trade price not considered by Ryder. An extension of Ryder's model to include a dual trade price structure is briefly discussed. A specific numerical example is used to ascertain the configuration of the various features occurring in the extremal fields at different price levels. More... »

PAGES

607-616

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/bf00935302

DOI

http://dx.doi.org/10.1007/bf00935302

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1051012918


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