Alberto Ades|Edward L. Glaeser
Evidence on Growth, Increasing Returns, and the Extent of the Market
economic growth relies upon extentofthemarket openness decrease connection initial income later growth alternatively learningbydoing models suggest wealth positively correlated growth open economies trade causes advanced economies specialize products opportunities learning examine twentieth century less developed countries nineteenth century u states data sets much stronger correlation growth initial wealth among closed economies findings support importance extentofthemarket aggregate demand fostering growth