Common Market and Equilibrium Growth

被引:0
|
作者
Lee, Cheng-Te [1 ]
Fang, Chen [2 ]
Kuo, Kuo-Hsing [1 ]
机构
[1] Chinese Culture Univ, Dept Int Trade, 55 Hwa Kang Rd, Taipei 11114, Taiwan
[2] Takming Univ Sci & Technol, Dept Int Trade, Taipei, Taiwan
来源
ECONOMICS BULLETIN | 2014年 / 34卷 / 01期
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中图分类号
F [经济];
学科分类号
02 ;
摘要
We set up a two-sector equilibrium growth model with heterogeneous labor to analyze the impact of the creation of common market on the member countries' growth rate. We show that the economic integration will stimulate the backward country's economic growth. In addition., we prove that whether the economic integration can speed up the advanced country's economic growth or not depends on not only the average talent level of the backward country but also the size of the integrated-economy.
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页码:480 / 493
页数:14
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