%0 Thesis
%9 Doctoral
%A Su, Y-T
%B Economics
%D 2000
%F discovery:1382242
%I University of London
%P 222
%T Economic growth, trade policy and foreign direct investment.
%U https://discovery.ucl.ac.uk/id/eprint/1382242/
%X While openness enables countries to keep pace with the most  advanced state-of-the-art knowledge, technology transfers among  innovators in different countries facilitate the motivation of research and  development and the spread of new knowledge and skills. Rapid  technological innovations also motivate trade and international capital  flows and speed up the integration process of the world economy. The  thesis concentrates on two areas within these ongoing investigations;  namely Trade Policy and Foreign Direct Investment (FDI), within the  wider discussions of the newly developed models in the theory of  Economic Growth, styled "endogenous growth theory"  Based on the models of new growth theory, namely Romer (1987,1990,  1994), Barro and Sala-i-Martin (1995, Chapter 4,6, and 7), Aghion and  Howitt (1992) and Grossman and Helpman (1992, Chapter 4 and 11),  this thesis first focuses on the mechanism through which trade  restrictions affect the welfare of a developing country. In Chapter 2, the  comparison of the welfare effects of two of the most commonly used  trade policies, tariff and voluntary export restriction (VER) is presented.  It shows counter-intuitively that a VER may be superior to a tariff.  Second, this thesis focuses on the mechanism illustrating the interaction  of imitation, FDI, and economic growth rate of a developing country.  Chapter 3 constructs a model which detects the interrelationships  between FDI, innovation, imitation and the long-run growth rate. One of  the major findings is that governmental policies to promote local  technology activities do not necessarily improve the relative condition of  labour in the policy-active country.  Finally, in Chapter 4, this thesis also examines the empirical evidences  of the effect of FDI upon the growth of a developing country's economy  based on a recent growth model. The Taiwanese economy (1953-1995)  is used as an empirical case study. The results show that FDI did play  an important role in the manufacturing industry of Taiwan.
%Z Thesis digitised by British Library EThOS.