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Identifier to cite or link to this item: https://hdl.handle.net/10086/17290

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Title
Trade Liberalization, Economic Growth, and Income Distribution in a Multiple-cone Neoclassical Growth Model
Creator
Creator Name
Kiyota, Kozo Kiyota, Kozo
清田, 耕造 清田, 耕造
Affiliation
Affiliation Name
Yokohama National University
Key Word
Trade Liberalization
Medium-run Growth
Income Distribution
Multiple-cone Model
Stolper-Samuelson Theorem
JEL
F1
O41
Abstract (distribution restricted)
The empirical literature on trade liberalization reflects two puzzles. First, the effect of trade liberalization on economic growth is ambiguous. Second, the effect of trade liberalization by developing countries on their income distribution is ambiguous. This paper attempts to explain these two puzzles at the same time, based on a multiple-cone neoclassical growth model. The model shows that countries that are labor abundant in a global sense may see a rise in income inequality and a decline in per capita GDP and per capita consumption with liberalization if they are capital abundant in a local sense. The results suggest that the two puzzles can be explained by the existence of global and local factor abundances.
Description
March 24, 2009
Publisher
Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University
Issued Date
2009-04
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
CCES Discussion Paper Series ; No. 17
Number of Pages
14
Appears in Collections
CCES Discussion Paper Series
URL
https://hdl.handle.net/10086/17290