Showing 1 - 6 of 6
-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and … innovation. It features the joint selection of firms into innovation and international market participation (in our model, we … for innovation …
Persistent link: https://www.econbiz.de/10012794638
This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth … innovation: higher personal and corporate income taxes negatively affect the quantity and quality of inventive activity and shift … to another are important, but do not account for all of the effect. Agglomeration effects from local innovation clusters …
Persistent link: https://www.econbiz.de/10012480635
innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … innovation motive, (ii) the expansionary innovation motive, and (iii) technology spillovers. The theoretical investigation …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …
Persistent link: https://www.econbiz.de/10012453173
We consider the design and implementation of international trade agreements when: (i) negotiations are undertaken and commitments made in the presence of uncertainty about future political pressures; (ii) governments possess private information about political pressures at the time that the...
Persistent link: https://www.econbiz.de/10012467700
Motivated by the structure of WTO negotiations, we analyze a bargaining environment in which negotiations proceed bilaterally and sequentially under the most-favored-nation (MFN) principle. We identify backward-stealing and forward-manipulation problems that arise when governments bargain under...
Persistent link: https://www.econbiz.de/10012468273
We describe recent work on the theory of trade agreements that speaks to the purpose and design of GATT. Our discussion proceeds in three steps. First, we examine the purpose of a trade agreement. In both the traditional economic and the political-economy approaches to the study of trade...
Persistent link: https://www.econbiz.de/10012470726