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-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …
Persistent link: https://www.econbiz.de/10013105566
-homothetic preferences in a general-equilibrium model of endogenous growth and international trade between two countries, and argue that the … inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries … is high whereas the world growth rate is low. The introduction of non-homothetic preferences rises a number of …
Persistent link: https://www.econbiz.de/10010817276
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …
Persistent link: https://www.econbiz.de/10010270070
strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …
Persistent link: https://www.econbiz.de/10008474158
Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...
Persistent link: https://www.econbiz.de/10013419262
We examine how inequality and openness interact in shaping the long-run growth prospects of developing countries. To …. We show that inequality affects growth very differently in an open economy as opposed to a closed economy: If the economy … is close to the technological frontier, the positive demand effect of inequality on growth found in closed-economy models …
Persistent link: https://www.econbiz.de/10013244297
Empirical evidence shows that R&D spending is highly correlated with firm productivity, highly concentrated among large firms, and responsive to trade liberalization. This paper develops a model of product upgrading with heterogeneous firms that captures these characteristics by allowing firms...
Persistent link: https://www.econbiz.de/10013129071
level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the … between the two shrinks with relative market size. While growth rates substiantially increase when IPR-enforcement is …-run welfare. -- Endogenous Growth ; Intellectual Property Rights ; Trade ; Dynamic Game …
Persistent link: https://www.econbiz.de/10009244152
level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the … between the two shrinks with relative market size. While growth rates substiantially increase when IPR-enforcement is …
Persistent link: https://www.econbiz.de/10009312504
level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the … between the two shrinks with relative market size. While growth rates substiantially increase when IPR-enforcement is …
Persistent link: https://www.econbiz.de/10013092583