Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1998
Keywords: Growth, Imitation, Innovation, Knowledge Gap, Foreign Borrowing, capital markets, human capital, capital controls, capital mobility, international capital markets
The effects on growth of the integration of an autarkic country into the world economy are analyzed, focusing on the differing roles of imitation and innovation in human capital accumulation. The country initially...