TRADE AND GROWTH - ANY UNFINISHED BUSINESS

This paper argues that many trade and growth links - links that play a n important role in the thinking of the great trade and growth scholar s (Chenery, Myrdal, Lewis and Rostow, inter alia), or play an importan t role in Europe's current public policy debate (competition and state -aids policy, regional polices, the single market, etc.) - have yet to be modelled formally. The paper also argues that trade and endogenous growth models are simpler than generally perceived, so it should be e asy to enrich the early trade and growth models using the broad range of trade and IO models developed over the past two decades. (C) 1998 E lsevier Science B.V. All rights reserved.