Showing 1 - 10 of 361
This paper considers a dynamic North South model of international trade and innovations in which firms can endogenously … rights between the two regions, innovating firms face a trade-off between delocalization in the South and more secure … endogenous technological bias towards skilled labour technologies. We discuss the implications of this trade induced …
Persistent link: https://www.econbiz.de/10005114403
oceanic trade. Moreover, Atlantic ports grew much faster than other West European cities, including Mediterranean ports …. Atlantic trade and colonialism affected Europe both directly and indirectly by inducing institutional changes. In particular …, the growth of New World, African and Asian trade after 1500 strengthened new segments of the commercial bourgeoisie and …
Persistent link: https://www.econbiz.de/10005067437
Emerging world countries have experienced over the last two decades a significant change in their trade patterns. Bold … trade reforms have been followed by rapid rises in international trade levels. However, despite these radical changes, we … know remarkably little about how changes in trade patterns are affecting the evolution of regional inequality in the …
Persistent link: https://www.econbiz.de/10011084500
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the 'wrong' (i …
Persistent link: https://www.econbiz.de/10005667122
We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the implications for economic growth. We start with a Schumpeterian endogenous growth model where entrepreneurs earn monopoly profits by inventing better goods and financiers arise...
Persistent link: https://www.econbiz.de/10008528522
Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and population growth and to enter a regime of high economic and population growth. To explain this transition, we construct a two-sector growth model with endogenous fertility and...
Persistent link: https://www.econbiz.de/10005791731
, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn …, but not too strict, merger policy tends to increase the incentive for innovations for sale by ensuring the bidding … competition for the innovation, without reducing the total rents for innovations too much. …
Persistent link: https://www.econbiz.de/10005497863
an increase in either the size or the frequency of innovations, from human capital accumulation through learning … of innovations or through introducing learning by doing with positive external effects across sectors) introduces new …
Persistent link: https://www.econbiz.de/10005656258
This Paper presents a model of innovations and economic growth, in which patent rates emerge endogenously, as a result …-inefficient, as too many researchers look for the easy innovations, while too few search for the difficult ones. The third result is …
Persistent link: https://www.econbiz.de/10005662359
We study the relationship between geography and growth. To do so, we first develop a dynamic spatial growth theory with realistic geography. We characterize the model and its balanced growth path and propose a methodology to analyze equilibria with different levels of migration frictions. We...
Persistent link: https://www.econbiz.de/10011252617