Findlay-Grubert versus Rybczynski : Testing Growth Hypotheses in Classic Trade Theories Using Singapore's Industries
In the classic literature of multi-sector small open economy, there are two, competing hypotheses on growth. Findlay and Grubert (1959) showed that productivity growth in one sector affects the factor intensity of all sectors. Rybczynski (1955) presents the long run growth effects of endowment accum...
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| Language: | EN |
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2012
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| Online Access: | http://hdl.handle.net/10986/5899 |