Showing 1 - 10 of 92
We develop a simple open-economy AK model with collateral constraints that accounts for growth-reversal episodes, during which countries face abrupt changes in their growth rate that lead to either growth miracles or growth disasters. Absent commitment to investment by the borrowing country,...
Persistent link: https://www.econbiz.de/10008751412
This paper casts the Belgian Great Depression of the 1930s within a dynamic stochastic general equilibrium (DSGE) framework. Results show that a total factor productivity shock within a standard real business cycle model is unsatisfactory. Introducing war expectations in the baseline model...
Persistent link: https://www.econbiz.de/10004984806
-industrial trade. More precisely, we build a model featuring non-homothetic preferences and income differences, and show that such … trade and FDI, with the extent of income disparities also conditioning the incentives to invest in R&D of both incumbents … and trade integration policies on the endogenous wage gap across regions, the length of the quality-life cycle and long …
Persistent link: https://www.econbiz.de/10010734577
large direct spillovers from public R&D to private industry has extensively proven. Yet, both a substitutability and … way the endogenous per capita output growth rate. The existence of a trade off between the per capita output growth rate … industrial and public innovations. Furthermore, it is shown that the large direct spillovers from public R&D to private industry …
Persistent link: https://www.econbiz.de/10004984842
firm is willing to pay for a process innovation that it would be the only one to use. We show that different measures of …
Persistent link: https://www.econbiz.de/10004984752
Using a vertical differentiation model of endogenous growth with stochastic R&D activity, we characterize the optimal patent life-time the government would set in order to maximize economic growth. We show that a finite patent life-time does exist and is unique provided that the expected rate of...
Persistent link: https://www.econbiz.de/10004985253
This paper investigates the relative price and relative wage effects of a higher productivity in the traded sector compared with the non traded sector in a two-sector open economy model with imperfect substitutability in hours worked across sectors. The Balassa-Samuelson [1964] model predicts...
Persistent link: https://www.econbiz.de/10010607573
On utilise le modèle d'accumulation optimale de Rarnsey pour analyser la dynamique des inégalités au sein d'un pays s'ouvrant aux échanges avec un pays plus pauvre. Avec une fonction de production Cobb-Douglas, le modèle prédit, en même temps qu'une augmentation des inégalités de...
Persistent link: https://www.econbiz.de/10004985377
Dans un modèle à deux pays et à horizon infini, dans lequel la mobilité du capital est imparfaite, on présente une analyse dynamique de la transmission internationale des chocs qui affectent les dépenses publiques. Trois types de financements d'une augmentation des dépenses publiques sont...
Persistent link: https://www.econbiz.de/10004985445
We develop a new methodology to identify high-end variety exporters in French firm-level data. We show that they do not export to many more countries, but they export to more distant ones. This comes with a greater geographic diversification of their aggregate exports. These facts are explained...
Persistent link: https://www.econbiz.de/10010711712