A Theory of North-South Trade and Globalization

This paper develops a dynamic general equilibrium model of North-South trade. Northern firms devote resources to innovative R&D to discover higher quality products and Southern firms devote resources to imitative R&D to copy state-of-the-art quality products. Both innovation and imitation rates are endogenously determined as well as the degree of wage inequality between Northern and Southern workers. The steady-state effects of globalization and stronger protection of intellectual property are analyzed

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Year of publication:	2004
Authors:	Segerstrom, Paul ; Dinopoulos, Elias
Institutions:	Society for Economic Dynamics - SED
Subject:	Economic Growth \| North-South Trade \| Globalization

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Extent:	application/pdf
Series:	2004 Meeting Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Society for Economic Dynamics 2004 Number 30
Classification:	F12 - Models of Trade with Imperfect Competition and Scale Economies ; F43 - Economic Growth of Open Economies ; O34 - Intellectual Property Rights: National and International Issues
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005090879