Showing 1 - 9 of 9
We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ …
Persistent link: https://www.econbiz.de/10011083890
Suppose that an opportunity arises for two countries to negotiate a free trade agreement (FTA). Will an FTA between these countries be politically viable? If so, what form will it take? We address these questions using a political economy framework that emphasizes the interaction between...
Persistent link: https://www.econbiz.de/10005497994
We develop a novel model of campaigns, elections, and policymaking in which the ex ante objectives of national party leaders differ from the ex post objectives of elected legislators. This generates a distinction between "policy rhetoric" and "policy reality" and introduces an important role for...
Persistent link: https://www.econbiz.de/10005504340
Whether governments clash in trade disputes or negotiate over trade agreements, their actions in the international arena reflect political conditions back home. Previous studies of cooperative and non-cooperative trade relations have focused on governments that are immune from political...
Persistent link: https://www.econbiz.de/10005114143
pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …
Persistent link: https://www.econbiz.de/10005666872
We develop a model in which special interest groups make political contributions in order to influence an incumbent government's choice of trade policy. In the political equilibrium, the interest groups bid for protection, and each group's offer is optimal given the offers of the others. The...
Persistent link: https://www.econbiz.de/10005788880
In general, a reduction in trade barriers will affect the environment by expanding the scale of economic activity, by altering the composition of economic activity and by initiating a change in the techniques of production. We present empirical evidence to assess the relative magnitudes of these...
Persistent link: https://www.econbiz.de/10005791657
a world economy with ongoing innovation in two countries that differ in market size, in their capacities for innovation … policies in a non-cooperative regime of patent protection, we ask, ‘why are patents longer in the North?’ We also study … international patent agreements by deriving the properties of an efficient global regime of patent protection and asking whether …
Persistent link: https://www.econbiz.de/10005792347
We investigate whether a welfare-maximizing government ought to pursue a programme of strategic trade intervention or instead commit itself to free trade when, in the former case, domestic firms will have an opportunity to manipulate the government’s choice of the level of intervention....
Persistent link: https://www.econbiz.de/10005656355