| 000 -LEADER |
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| fixed length control field |
01094pab a2200169 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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180718b2001 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Lane, Philip R. |
| 245 ## - TITLE STATEMENT |
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| Title |
International trade and economic convergence: the credit channel |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Date of publication, distribution, etc. |
2001 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
p.221-40 |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
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| Dates of publication and/or sequential designation |
Apr |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
In this paper, we examine a particular mechanism by which international trade accelerates economic convergence. We develop a model of growth under credit constraints in which international trade expands access to credit. We show in numerical simulations that reasonable values for openness generate convergence rates that match well the empirical estimates. We econometrically investigate a key prediction of the model - that more open economies exhibit greater debt to output ratios - and find substantial support in the data for this claim. This remains true even when we control for a host of additional factors and conduct robustness checks. - Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Economic growth |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
International trade |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Oxford Economic Papers |
| 909 ## - |
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| -- |
48968 |
