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| List of Figures | |
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| Preface | |
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| Acknowledgments | |
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| Introduction | |
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| The Welfare Gains from Trade | |
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| Static Models and the Gains from Trade | |
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| Estimates of the Static Gains from Trade | |
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| Economic Growth and International Trade | |
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| The Power of Compounding | |
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| Does Trade Cause Growth? | |
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| Trade and Growth: The Empirical Evidence | |
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| The Statistical Relationship between Trade and Growth | |
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| Regressing Economic Growth on International Trade | |
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| The Feder Model | |
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| Dealing with Simultaneity | |
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| Trade's Growth Effect Using Qualitative Measures | |
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| Robust Studies | |
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| Testing How Trade Affects Growth | |
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| Summary and Assessment of the Empirical Results | |
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| International Trade and Factor Accumulation | |
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| The Early Growth Models | |
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| The Classical Economists and Diminishing Returns | |
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| The Harrod-Domar Growth Model | |
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| Robert Solow and His Neoclassical Growth Model | |
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| The Gains from Trade According to the Solow Model | |
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| East Asia and the Solow Model | |
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| Conclusions | |
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| Appendix: The Convenient Cobb-Douglas Production Function | |
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| Overcoming Diminishing Returns: Technology as an Externality | |
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| Factor Accumulation without Diminishing Returns | |
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| Technology | |
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| Technological Progress As an Externality | |
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| Learning-by-Doing | |
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| Learning-by-Trading | |
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| Conclusions | |
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| Technological Progress as Creative Destruction | |
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| Joseph Schumpeter's Creative Destruction | |
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| The Schumpeterian R&D Model | |
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| A Mathematical Version of the Schumpeterian Model | |
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| The Long-Run Trend in the Costs of Innovation | |
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| Conclusions and Remaining Issues | |
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| International Trade and Technological Progress | |
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| International Trade and the Schumpeterian Model | |
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| The Size of Economies and Technology | |
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| Leader-Follower Models of Growth | |
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| Sources of Ambiguity About Trade's Growth Effect | |
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| Protectionism and Creative Destruction | |
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| Conclusions and Further Issues | |
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| Multi-Sector Models and International Trade | |
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| A Two-Sector Learning-by-Doing Model | |
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| Other Sectoral Models of Trade and Economic Growth | |
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| Terms of Trade Arguments for Protection | |
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| Protectionism to Promote Technological Progress | |
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| Import Substitution Policies | |
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| Conclusions | |
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| International Trade and Technology Transfers | |
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| Domestic Technology vs. Adopted Technology | |
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| Empirical Evidence on Technology Diffusion | |
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| Summary and Conclusions | |
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| Restating the Case for Free Trade | |
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| Dynamic Arguments for Free Trade | |
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| A Much More General View of Trade and Growth | |
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| Final Comments | |
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| Bibliography | |
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| Author Index | |
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| Subject Index | |
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| About the Authors | |