Immiserizing growth with a general equilibrium model

• Main Authors: Chia, Kai Xuan, Soh, Chang Li, Yong, Ian Qi Shen
• Other Authors: Kang Minwook
• Format: Final Year Project
• Language: English
• Published: 2015
• Subjects: DRNTU::Social sciences::Economic theory::International trade
• Online Access: http://hdl.handle.net/10356/62487
• Institution: Nanyang Technological University

The motivation of this paper comes from Bhagwati’s seminal work in 1958. He constructed an example of the case of “immiserizing growth” in a two-by-two static analytical framework. Immiserizing growth is an economic phenomenon that could exist when the growth of a country’s endowment leads to a coun...