Testing creative destruction in an opening economy
Abstract
This paper analyses the relationship between trade liberalization and economic growth using a Schumpeterian framework of technological innovation and applies it to sector‐level South African data. The framework examines direct and indirect effects of trade liberalization on productivity growth. Indirect impacts operate through a differential impact of trade liberalization on firms conditional on their distance from the international...
Paper Details
Title
Testing creative destruction in an opening economy
Published Date
Apr 5, 2013
Journal
Volume
21
Issue
3
Pages
419 - 450
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History