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Title: INTERNATIONAL TRADE AND INDUSTRIALIZATION WITH NEGATIVE POPULATION GROWTH
Authors: Sasaki, Hiroaki  kyouindb  KAKEN_id
Author's alias: 佐々木, 啓明
Keywords: Non-Scale-Growth Model
Negative Population Growth
Trade Patterns
Issue Date: Dec-2015
Publisher: Cambridge University Press
Journal title: Macroeconomic Dynamics
Volume: 19
Issue: 08
Start page: 1647
End page: 1658
Abstract: This paper builds a small-open-economy, non-scale-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 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 rate. 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.
Rights: © Cambridge University Press 2014
This is not the published version. Please cite only the published version. この論文は出版社版でありません。引用の際には出版社版をご確認ご利用ください。
URI: http://hdl.handle.net/2433/207608
DOI(Published Version): 10.1017/S1365100514000030
Appears in Collections:Journal Articles

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