caa a22 4500 388040335 CHVBK 20180307125019.0 cr unu---uuuuu 161130e199806 xx s 000 0 eng 10.1017/S1053837200001814 doi S1053837200001814 pii (NATIONALLICENCE)cambridge-10.1017/S1053837200001814 Maneschi Andrea The Dynamic Nature of Comparative Advantage and of the Gains From Trade in Classical Economics [Elektronische Daten] [Andrea Maneschi] The London Economist of June 14, 1997, carried an article by Jeffrey Sachs (1997) entitled "The Limits of Convergence: Nature, Nurture and Growth,” which explores the relationship between geography, economic policies and institutions, and economic growth on the basis of recent econometric work. Four principal groups of factors were found to account for the sizable difference in per capita income growth between the South-East Asian countries and other less successful developing countries: initial economic conditions (such as the income gap separating poor countries from rich ones), policy variables, demographic factors, and resources and geography. One of the most significant conclusions (Sachs, 1997, p. 20) is that "openness was decisive for rapid growth. Open economies grew 1.2 percentage points per year faster than closed economies, controlling for everything else.” Copyright © Cambridge University Press 1998 Journal of the History of Economic Thought Cambridge University Press 20/2(1998-06), 133-144 1053-8372 20:2<133 1998 20 HET https://doi.org/10.1017/S1053837200001814 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S1053837200001814 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Maneschi Andrea NATIONALLICENCE 773 0- Journal of the History of Economic Thought Cambridge University Press 20/2(1998-06), 133-144 1053-8372 20:2<133 1998 20 HET CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge