Does International Trade Affect Structural Change?
DOI :
https://doi.org/10.15353/rea.v17i3.6108Mots-clés :
'Economic growth', Economic Transformation, Economic Growth; Financial market; Cobb Douglas; Exchange Rate; Labor, developing economies, Foreign Trade flows, Structural change, international trade, economic growthRésumé
We analyze the effects of international trade on structural change. We show a positive correlation between openness and the share of the agricultural sector for developing economies and present a model to rationalize this stylized fact. We built a two-sector model to compare the autarky and open economy equilibrium. The results indicate that, for developing economies, international trade may delay structural change. If the comparative advantage is in agricultural goods, trade leads to greater specialization in this kind of goods and lower participation of other goods.
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© Camilo Andres Mesa Salamanca, Helmer Fernando Llanez Anaya 2025
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