Learning by Doing, Trade in Capital Goods and Growth


Journal of International Economics

mars 2002, vol. 56, n°2, pp.411-444

Départements : Economie et Sciences de la décision, Finance, GREGHEC (CNRS)

Mots clés : International trade, Capital accumulation, Endogenous growth, Learning by doing

This paper aims at reconciling theoretical models of endogenous growth with the empirical evidence on trade and growth. In particular, we show that the conventional wisdom according to which trade is growth-impairing for a country with comparative advantage in goods with limited opportunities for learning fails to hold when the imported good is a capital good. The intuition is that the country gains access to cheaper capital goods, which raises investment, output per worker and learning by doing