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Other Papers on :Growth Theory

C/E/112. Growth and International Trade: Comparing Beckerman and Prebish-Singer Models

(2006, 2000 words)

This paper looks at how the changes in terms of trade affect economic growth, when the Beckerman Model is compared with the Prebish- Singer hypothesis. Both models look at economic growth driven by international trade, more specifically driven by exports. The main argument for the purpose of this essay is that the assumptions on both models explain why terms of trade deterioration occur differently and thus affecting economic growth.



 
   
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