Journal of Business & Economics Research – September 2006 Volume 4, Number 9
43
Capital Ownership And Its Impact On
International Trade And Economic Growth:
The Tunisian Experience
Khalifa H.
Ghali, Kuwait University, The State of Kuwait
Hedi...
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Journal of Business & Economics Research – September 2006 Volume 4, Number 9
43
Capital Ownership And Its Impact On
International Trade And Economic Growth:
The Tunisian Experience
Khalifa H.
Ghali, Kuwait University, The State of Kuwait
Hedi Trabelsi, Faculte des Sciences Economiques et de Gestion, Tunis - Tunisia
ABSTRACT
Despite the widespread belief that a privatized economy performs better than a centrally planned
one, there is no empirical evidence on whether changing the structure of capital ownership affects
trade and growth in developing countries.
This paper addresses this issue by analyzing and
comparing the distinctive effects of privately and publicly owned capital on international trade and
economic growth.
Based on a modified version of the neo-classical one-sector aggregate production
technology, we investigate the intertemporal interactions among the growth rate of real output,
private capital, public capital, international trade and labor.
The re
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