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Discussion Paper Details

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Title: Global Income Divergence, Trade and Industrialization: The Geography of Growth Take-Offs

Author(s): Richard Baldwin, Philippe Martin and Gianmarco Ottaviano

Publication Date: March 1998

Keyword(s): Economic Geography, Endogenous Growth, growth take-off, industrial revolution and trade and development

Programme Area(s): International Macroeconomics and International Trade and Regional Economics

Abstract: This paper takes a modest step towards formalizing the theoretical interconnections among four post-Industrial-Revolution phenomena ? the industrialization and growth take-off of rich ?northern? nations, massive global income divergence, and rapid trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and are all triggered by a gradual fall in the cost of doing business internationally. Beyond providing a simple framework for exploring the logical connections among these phenomona, the model itself may be of some interest because it is, to our knowledge, the first endogenous growth model to display this Rostovian stages-of-growth feature.

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Bibliographic Reference

Baldwin, R, Martin, P and Ottaviano, G. 1998. 'Global Income Divergence, Trade and Industrialization: The Geography of Growth Take-Offs'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1803