演講者簡介 : Professor Peretto received his Ph.D. in Economics from Yale University at 1994. He is a Professor at Department of Economics, Duke University since 2009. His research fields are Industrial Organization and Macroeconomics.
演講摘要 : In this paper we propose an endogenous growth model of commodity-rich economies in which: (i) long-run (steady-state) growth is endogenous and yet independent of commodity prices; (ii) commodity prices affect short-run growth through transitional dynamics; and (iii) the status of net commodity importer/exporter is endogenous. We argue that these predictions are consistent with historical evidence from the 19th to the 21st century.
